The "Sophomore Surge" Refers to the

question 20

Multiple Choice

The "sophomore surge" refers to the

• A)fact that many members of Congress lose their re-election campaigns after their second terms in office.
• B)tendency for college students to intern with their local members of Congress during the summer between their sophomore and junior years in college.
• C)fact that most members of Congress leave office after serving only two years.
• D)tendency for candidates to win a higher percentage of the vote when seeking future terms in office.

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Definitions:

Exchange Rates

The cost of converting one currency into another.

Functional Currency

The currency of the primary economic environment in which an entity operates, typically used in measuring and reporting its financial performance.

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Income generated from the core business activities of an entity excluding non-operating income sources.