Which of the Following Statements About the Nature of National

question 61

Multiple Choice

Which of the following statements about the nature of national conventions is LEAST accurate?

• A)The national convention is responsible for laying out the party's platform, an explanation of its ideals and agenda.
• B)As a result of the need for compromise, party platforms are usually more moderate, and less ideological, than the average party supporter desires.
• C)Special interests are well represented among convention delegates.
• D)The convention is responsible for nominating the party's presidential nominee.
• E)Party candidates sometimes find it expedient to downplay or ignore certain planks of their party's platform.

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Definitions:

Voting Stock

Shares that give the holder the right to vote on company matters.

Book Value

The remaining value of a corporation's assets after subtracting its debts, as noted in the balance sheet.

Equity Method

An accounting technique used for recording investments in associate companies, where the investment is initially recorded at cost and adjusted thereafter for the post-acquisition change in the investor's share of the investee's net assets.

Equipment Account

An account on the balance sheet that represents the current value of the equipment owned by a company after adjusting for depreciation and amortization.