The Advent of the Australian Ballot in the Early Twentieth

question 16

Multiple Choice

The advent of the Australian ballot in the early twentieth century was significant because it

• A)removed all party labels from the voting process.
• B)allowed voters to rank order each of the candidates running for a given office.
• C)provided voters with the ability to write in candidates who did not have their names printed on the ballot.
• D)enabled voters to make their choices on the basis of the individual candidate rather than the collective merits of a party's candidates.

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Definitions:

Purchases

Items bought or acquired by a company for various purposes, primarily for resale in the course of business.

Cost Of Goods Available

The total cost of inventory available for sale during a period, calculated as beginning inventory plus purchases minus ending inventory.

Periodic Inventory System

An accounting method where inventory is physically counted at specific intervals to determine the level of inventory and cost of goods sold.

Perpetual Inventory System

An inventory accounting system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.