In the Legal Briefcase Box Titled,"Financial Order or Financial Martial

question 55

Multiple Choice

In the Legal Briefcase box titled,"Financial Order or Financial Martial Law?" students are introduced to ____________________ assigned by governors to establish financial procedures to secure the health of local and state governments.This type of procedure was put in place in Michigan during the last recession

• A)EFMs - Emergency Financial Managers
• B)UBs - Union Boards
• C)EEOs - Emergency Elected Officials
• D)EGC - Emergency Governor's Cabinet

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Definitions:

Financial Ruin

A state of having lost a significant portion or all of one’s financial resources or assets, often leading to insolvency.

Trust

The confident belief in the reliability, truth, ability, or strength of someone or something, forming the foundation of relationships in social and business contexts.

Sustainability

The practice of conducting business in a manner that does not compromise the ability of future generations to meet their needs, emphasizing environmental protection, social equity, and economic health.

Social Entrepreneurship

A practice of starting companies and other organizations to develop, fund, and implement solutions to social, cultural, or environmental issues.