A Runoff Election Always Involves

question 5

Multiple Choice

A runoff election always involves:

• A) the incumbent and the challenger
• B) only two candidates who are the nominees of the two major parties
• C) only two candidates who are the top two finishers in the previous election
• D) multiple candidates with the winners determined through a proportional allocation process
• E) the winners of the party primaries and any independent candidates who meet the state's ballot requirements

---

Definitions:

Assets

Economic resources or owned items of value that an individual, corporation, or country possesses, expected to provide future benefits.

Net Income

Net income refers to the total earnings of a company once all costs, expenses, and taxes are deducted from the overall revenue.

Debt-to-Total-Assets Ratio

The debt-to-total-assets ratio measures the percentage of a company's assets financed by creditors, indicating the degree of financial leverage.

Du Pont Equation

A formula that breaks down the components of a company's return on equity into three parts: operating efficiency, asset use efficiency, and financial leverage.