What does PAC mean in business?

Political action committees (PACs) are independent groups that allow businesses, organizations, and individuals to make contributions to the campaign of a specific politician as well as other causes. PACs are also used to advocate for a particular issue or law.

What does PAC mean in the military?

PAC is the acronym for Political Action Committee. An organization can establish a PAC to raise and spend money from individuals or corporations for campaigns. PACs are often formed by industry groups and labor unions, and they can support a slate of candidates for office ranging from local to federal. The primary goal of a PAC is to influence elections.

What does PAC mean at business school?

Political action committees (PACs) are similar to campaign committees. A PAC can raise money for an individual running for office or for an organization. However, unlike campaign committees, which can accept contributions from individuals and corporations, PACs can accept contributions only from individuals.

What does PAC mean in English?

Political action committees (PACs) are organizations created by corporations, labor unions, or individuals to support or oppose specific politicians, political causes, or ballot measures. PACs can raise money for campaigns, make independent expenditures, or provide other types of assistance to their chosen politicians.

What does PAC mean in business settings?

Political action committees are organizations that raise and spend money on behalf of a particular candidate, issue or cause. These PACs have long been a part of the American political landscape. Aside from supporting campaigns, PACs can also advocate for and against ballot propositions and ballot measures at the state level.