Which of the Following Was NOT a Tool Used by the Founders

question 75

Multiple Choice

Which of the following was NOT a tool used by the Founders to prevent the dangers of "excessive democracy"?

• A) checks and balances
• B) staggered terms in office
• C) bicameralism
• D) indirect election
• E) senatorial courtesy

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Definitions:

Aging Schedule

A table that shows the breakdown of accounts receivable into categories based on the length of time they have been outstanding.

Credit Policy

A credit policy is the set of guidelines that a company follows to determine the creditworthiness of customers and the terms of credit to offer.

Cash Balances

The amount of cash or cash equivalents that a company or an individual holds.

Compensating Balances

Minimum balances that a business must maintain in its bank account as part of a borrowing arrangement with the bank.