Linkage Institutions

question 68

Multiple Choice

Linkage institutions

• A)help link the three branches of government together to achieve coherent policies.
• B)are used to implement public policies.
• C)link political parties to the government.
• D)translate inputs from the public into outputs from the policymakers.
• E)link the president to members of his or her party in Congress so they can coordinate their policies in government.

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Definitions:

FIFO

FIFO stands for "First In, First Out," a method used in inventory management and accounting where the oldest inventory items are recorded as sold first.

Ending Inventory

The value of goods available for sale at the end of an accounting period, after accounting for all sales and purchases.

Market Value

The present cost for acquiring or selling an asset or service in an open market.

LIFO Inventory

An inventory valuation method that assumes the last items placed in inventory are the first sold.