Historically,realignments Occur

question 10

Multiple Choice

Historically,realignments occur:

• A) when new issues combine with economic or political crises to mobilize new voters and persuade large numbers of voters to reexamine their traditional partisan loyalties
• B) approximately every ten years
• C) when Congress approves of them
• D) after midterm congressional elections, but not after presidential elections
• E) only when the Constitution is amended

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Definitions:

Day-to-Day Operations

The routine activities required for the running of a business on a regular, daily basis, involving processes, resources, and staff management.

Indirect Method

A method used in the preparation of cash flow statements which adjusts net income for transactions that affect reported net income but did not involve cash.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered or used but not yet paid for.

Accounts Payable

Liabilities or money owed to suppliers or creditors for goods and services received but not yet paid for.