A Constitutional Amendment Can Be Ratified in Which of the Following

question 67

Multiple Choice

A constitutional amendment can be ratified in which of the following ways?

• A) A positive vote in conventions in three-fourths of the states
• B) A positive vote in the legislatures of three-fourths of the states
• C) A two-thirds vote in both houses of Congress
• D) The legislatures in two-thirds of the states
• E) A positive vote in conventions in three-fourths of the states and/or a positive vote in the legislatures of three-fourths of the states

Explain the concept of time value of money and its relationship with the interest concept.

Understand the lower of cost or market (LCM) principle and its applications.

Comprehend the constraints on market value: ceiling, floor, and net realizable value.

Identify and apply the appropriate method for inventory valuation under LCM: direct and allowance methods.

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Definitions:

Phoenix Hall

The main building of Byōdō-in, a historic Buddhist temple in Uji, Japan, known for its Phoenix-like architecture.

Horyuji

An ancient Buddhist temple in Ikaruga, Nara Prefecture, Japan, known for its historic wooden structures and as a UNESCO World Heritage site.

Kamakura Period

A period in Japanese history running from 1185 to 1333, marked by the rule of the Kamakura shogunate and noted for the emergence of the samurai class and the spread of Zen Buddhism.

Esoteric Buddhism

A branch of Buddhism focusing on secret teachings and rituals meant to be understood or practiced by a select group of initiates.