The Right of Candidates to Spend Their Own Money on Running

question 57

Multiple Choice

The right of candidates to spend their own money on running for office

• A)is limited by a cap of $50 million.
• B)is protected absolutely by the Constitution according to the Supreme Court.
• C)was forbidden by the Campaign Reform Act of 1974.
• D)is protected only if the candidate can match every personal dollar with a dollar from outside donations.

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Definitions:

GAAP Definition

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any given jurisdiction, especially in the United States.

Nonreciprocal Transaction

A transaction where one party provides goods, services, or assets without directly receiving something of equivalent value in return.

Unconditional Transfers

Transactions where the giver provides assets or resources to another party without any specified conditions for their use or return.

Donor Restrictions

Conditions placed by donors on the use or timing of use of donated assets, requiring organizations to use the assets as specified.