During Presidential Election Years, the Nation's First Caucus Is Held

question 10

Multiple Choice

During presidential election years, the nation's first caucus is held in ________ and the first primary election is held in ________.

• A)Iowa; New Hampshire
• B)New Hampshire; Iowa
• C)Iowa; South Carolina
• D)New Hampshire; South Carolina

---

Definitions:

Acid-test Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with its quick assets including cash, marketable securities, and receivables.

Income from Continuing Operations

This refers to the earnings generated from the normal business activities excluding one-time transactions, discontinued operations, and other irregular items.

Loss on Discontinuance

A financial loss that occurs as a result of the cessation of a business unit or operation.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company in using its assets to generate sales.