If a Proposition Is Adopted by the Voters,how Can It

question 68

Multiple Choice

If a proposition is adopted by the voters,how can it later be changed or amended?

• A)only by a vote of the people (through another proposition)
• B)either by a vote of the people or through the regular lawmaking process
• C)only through the regular lawmaking process
• D)only by the courts

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Definitions:

Separate Legal Entity

A status that allows a company to operate as its own legal entity, distinct from its shareholders, with rights to sue, be sued, own assets, and incur liabilities.

Taxable Entity

A taxable entity refers to any individual, business, or organization that is subject to tax by governments.

Business Organization

The structure by which a business is organized and operated, which can range from sole proprietorships to corporations.

Going-Concern Principle

The assumption that a company will continue to operate in the foreseeable future, not planning to liquidate or cease operations.