Why Were Many People in Los Angeles Outraged with the Political

question 50

Multiple Choice

Why were many people in Los Angeles outraged with the political institutions of their city when the Rodney King issue surfaced?

• A)The mayor of Los Angeles would not fire the police chief.
• B)The Los Angeles police chief physically abused an African American motorist but was acquitted of all charges.
• C)The Los Angeles charter did not allow the relatively weak mayor to remove the police chief.
• D)Rodney King was fired by the police chief for playing solitaire on his office computer without being issued any prior warnings.

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Common Stock Split

A corporate action to divide its existing shares into multiple shares to boost the liquidity of the shares, though the market capitalization remains the same.

Stockholders' Equity

Stockholders' Equity is the residual interest in the assets of a corporation that remains after deducting its liabilities, representing ownership interest in a company.

Net Income

The total earnings or profit of a company after deducting all expenses, taxes, and losses from the total revenue.