Why Is the Creation of Political Parties Necessary in a Representative

question 80

Multiple Choice

Why is the creation of political parties necessary in a representative democracy?

• A) They are necessary mechanisms to ensure that the individuals we choose to represent us are responsive and responsible.
• B) The existence of political parties is necessary to ensure order in a democracy, otherwise anarchy would exist.
• C) They are necessary mechanisms to ensure accountability of elected officials through the exercising of a variety of controls on politicians.
• D) Political parties provide elected officials with support and legal strength when confronted by corrupt special interest groups.
• E) They are necessary to maintain balance and order and to prevent any single person from gaining too much strength politically.

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Definitions:

Internal Rate of Return

A metric used in financial analysis to estimate the profitability of potential investments, representing the discount rate that makes the net present value of all cash flows from a particular project equal to zero.

Estimated Savings

Projected reductions in costs resulting from efficiency measures, budget adjustments, or the implementation of strategic plans.

Incremental Cost

The additional cost that arises from producing one more unit of a good or service.

Cash Flows

The inflows and outflows of cash and cash equivalents, representing the operational, investing, and financing activities of a business.