Read the Following Scenario, and Answer the Questions Below

question 9

Multiple Choice

Read the following scenario, and answer the questions below.

Long famous as a symbol of the United States, the bald eagle is also famous for its population decline and recovery during the 20th century. The bald eagle was declared endangered in the United States in 1967, when its population in the United States had declined to under 500 breeding pairs. The bald eagle was delisted in 1995 when its numbers had rebound to
~5,000 breeding pairs. An Illinois woman was convicted of violating the Lacey Act of 1900 and Bald Eagle Protection Act of 1940 after she gave Hillary Clinton a dream catcher that contained bald eagle feathers in 1994. The Lacey Act is a federal law that prohibits trade in wildlife and plants that have been illegally taken or possessed, and the Bald Eagle Protection Act more recently amended to become the Bald and Golden Eagle Protection Act) is federal legislation that prohibits the possession of eagle parts, feathers, eggs, or nests without a permit. Typically, only Native Americans, raptor centers, and zoologists are able to obtain such permits.

-The woman violated several federal laws and international treaties by making and attempting to sell dream catchers that contained feathers from bald eagles and other species of protected birds such as goshawks and snowy owls.How do such federal laws and international treaties differ in how they are adopted in the United States?

• A)The House and Senate approve federal laws with a simple majority vote,while international treaties require approval of only the president.
• B)They differ in their authorship but not approval in that both the House and Senate need to approve both by a simple majority vote.
• C)Federal laws need two- thirds approval in both the House and Senate,while international treaties require a simple majority vote in the House and Senate.
• D)Federal laws need majority approval in both the House and Senate,while international treaties require two- thirds approval in the Senate.

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Definitions:

Price-Earnings Ratio

A valuation metric comparing a company's current share price to its per-share earnings, used by investors to evaluate the relative value of a company's shares.

Working Capital

Current assets less current liabilities.

Gross Margin Percentage

A financial metric that measures the proportion of money left over from revenues after accounting for the cost of goods sold (COGS), expressed as a percentage.

Financial Leverage

A difference between the rate of return on assets and the rate paid to creditors.