Which of the Following Statements About "Iron Triangles," Such as the Military-Industrial

question 33

Multiple Choice

Which of the following statements about "iron triangles," such as the military-industrial complex, is LEAST accurate?

• A) In recent decades their influence has increased because the power of advocacy groups has declined.
• B) They typically consist of united private interests, executive agencies, and congressional committees.
• C) They help federal agencies get their proposed policies passed.
• D) They make it easier for private interests to win lucrative government contracts.
• E) They help members of Congress retain their seats.

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Definitions:

Cost of Goods Sold

An accounting term referring to the direct costs attributable to the production of the goods sold in a company.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the financial performance of a company's core business activities.

Tracking Inventory

The process of monitoring the quantity, location, and status of products available within a business to manage supply levels efficiently.

Merchandising Company

A business that purchases finished products and sells them to consumers without altering the form of the goods.