Voters Passed a New Law in 2010 That Reduced the Majority

question 15

Multiple Choice

Voters passed a new law in 2010 that reduced the majority needed to pass the budget from a supermajority to a simple majority.In 2011,the legislature passed a budget on time for the first time in 5 years.This is an example of ______.

• A)how rules help shape outcomes
• B)how a good economy in 2011 made legislators' decisions easy
• C)successful bipartisanship and compromise between the parties
• D)any of these

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Definitions:

Goodwill

An intangible asset on a company's balance sheet representing the premium paid over the book value of the assets acquired in a merger or acquisition.

Undervalued Equipment

Equipment or assets that are appraised or recorded on financial statements at a value less than their true market value.

Outstanding Voting

Refers to the shares of a corporation that are issued and held by shareholders, including those with voting rights.

Consolidated Revenues

The total revenues recognized from all sources, including subsidiaries, by a parent company during a reporting period, after the elimination of any inter-company transactions.