Which of the Following Is the Best Description of an Iron

question 9

Multiple Choice

Which of the following is the best description of an iron triangle?

• A) the stable relationship between a bureaucratic agency, a clientele group, and a legislative committee
• B) the inability to reform federal rules without help from the House of Representatives, the Senate, and the president
• C) the domination of a few large companies in the regulation of iron mining and smelting
• D) the breakdown in the separation of powers between Congress, the federal judiciary, and the president
• E) the stable relationship between a bureaucratic agency, a legislative committee, and the president

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Definitions:

Cash Received

Money that a business or individual has taken in, whether from transactions, investments, or other sources.

Matching Concept

A fundamental principle in accounting that ensures expenses are matched with the revenues they generate in the same period.

Deferral Adjusting Entry

An accounting entry made to defer the recognition of revenue or expenses to a future period.

Unearned Revenue

Money received by an entity for a service or product that has yet to be delivered or completed.