Because of the ________, Only ________ of the Senate Is

question 24

Multiple Choice

Because of the ________, only ________ of the Senate is up for reelection in every even-numbered year.

• A)two-year term; one-third
• B)six-year term; one-half
• C)six-year term; one-third
• D)four-year term; one-third

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Definitions:

Capitalized

The process of recording an expenditure as an asset, rather than an expense, thereby spreading the cost over its useful life.

Franchisor

A business entity that grants the right to use its trademark, name, and business model to other businesses (franchisees).

Annual Fee

A recurring charge paid yearly for the access to a product or service.

Software Production Costs

Expenses associated with the development, design, and implementation of software, which may be capitalized or expensed depending on the stage of development.