NC Legislature and Representation Quiz
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Questions and Answers

What type of model believes that elected officials should represent the people's interests?

  • Oligarch model
  • Monarch model
  • Trustee model (correct)
  • Dictator model
  • Who is the head of the state executive branch in North Carolina?

  • Mayor
  • President
  • Governor (correct)
  • Prime Minister
  • What is the primary source of revenue for counties?

  • Sales Taxes
  • Excise Taxes
  • Property Taxes (correct)
  • Income Taxes
  • Which type of legislature has two separate chambers for its lawmaking process?

    <p>Bicameral</p> Signup and view all the answers

    What is the role directly under the Governor in North Carolina's executive branch?

    <p>Attorney General</p> Signup and view all the answers

    What is revenue also known as?

    <p>Turnover</p> Signup and view all the answers

    Why is revenue important for businesses?

    <p>To generate profits</p> Signup and view all the answers

    What does high revenue indicate about a business?

    <p>Financial strength</p> Signup and view all the answers

    How does high revenue impact the economy?

    <p>Leads to a healthy economy</p> Signup and view all the answers

    What role does revenue play in enabling a business to grow?

    <p>Facilitates further growth</p> Signup and view all the answers

    Why is revenue considered the financial lifeblood of an organization?

    <p>To continue operations and facilitate growth</p> Signup and view all the answers

    What role does revenue play in investors' evaluation of a company?

    <p>It is a key indicator of profitability and growth potential.</p> Signup and view all the answers

    Why is revenue recognition important in financial reporting?

    <p>To ensure compliance with accounting standards and maintain accurate financial records.</p> Signup and view all the answers

    Where is revenue typically reported in a company's financial statements?

    <p>On the income statement to show financial performance.</p> Signup and view all the answers

    How does achieving revenue targets affect a company's operations?

    <p>It increases investor confidence and market share.</p> Signup and view all the answers

    What is the primary purpose of setting revenue targets in business strategy?

    <p>To guide operations and growth plans.</p> Signup and view all the answers

    Why do investors often consider revenue growth rate when evaluating a company's financial performance?

    <p>To assess the company's competitive position and growth potential.</p> Signup and view all the answers

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