Which of the Following Is Not True

question 68

Multiple Choice

Which of the following is not true?

• A) Knowledge of and interest in politics increases one's sense of political efficacy.
• B) Knowledgeable citizens are better able to recognize their political interests and act consistently on behalf of them.
• C) People with higher education,income,and occupational status are more likely to be both familiar with and active in politics.
• D) People who are members of social or political organizations are more likely to be both familiar with and active in politics.
• E) Political elites cannot influence people's ideas and beliefs.

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Definitions:

Lower of Cost

An accounting principle that adjusts the value of an inventory or asset to the lower of its historical cost or its market value.

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal.

Conservatism Constraint

An accounting principle that provides guidance for uncertain conditions, advising to recognize expenses and liabilities sooner rather than later.

Historical Cost Principle

An accounting principle that states that assets should be recorded and reported at their original purchase cost.