One of the Difficulties That Lobbyists Face in Trying to Influence

question 15

Multiple Choice

One of the difficulties that lobbyists face in trying to influence the executive branch in California is that

• A) members of the plural executive are frequently recalled.
• B) political parties are very powerful.
• C) the governor has line-item veto power.
• D) there are more than 85 agencies and 325 state commissions and boards.

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Definitions:

Break-Even Rate

The interest rate at which the present value of a project's or investment's costs equals the present value of its benefits, there is no net loss or gain.

Annuity A

Represents a financial product that promises to pay the holder a fixed stream of payments over a specified period of time.

APR

Annual Percentage Rate, a measure used to calculate the cost of borrowing, including interest and other fees, shown as a yearly rate.

EAR

Ear is the acronym for Effective Annual Rate, which measures the real return on an investment or the real interest rate on a loan, accounting for compounding over a specified period.