In Order to Qualify for Public Funding in a Presidential

question 6

Multiple Choice

In order to qualify for public funding in a presidential primary,a candidate must

• A)gather signatures from at least 50,000 people in each of 20 states.
• B)gather signatures from at least 100,000 people in each of 40 states.
• C)run as a major party candidate and raise at least $5,000 in individual contributions of $250 or less in each of 20 states.
• D)run as a major party candidate and raise at least $1 million in individual contributions of $250 or less in each of 40 states.

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Definitions:

Lease Transaction

An agreement where a lessor allows a lessee to use an asset in exchange for payment over a predetermined period.

Capital Lease

A lease classified as an asset purchase for accounting purposes, where the lessee assumes some of the risks and benefits of ownership.

Lease Term

The period during which a lessee has the right to use an asset, as stipulated in a lease agreement.

Economic Life

The estimated period over which an asset is expected to be economically useful to one or more users.