A Constitutional Amendment to Clarify the Way Votes Are Cast

question 49

Multiple Choice

A constitutional amendment to clarify the way votes are cast in the Electoral College was necessary because of which of the following?

• A) There was no way to tell which votes were for president and which were for vice president.
• B) There was a tie in the electoral votes in the election of 1800.
• C) Large states did not have fair representation in the Electoral College.
• D) In three elections, no candidates received a majority of the votes in the Electoral College.
• E) There was a tie in the electoral votes in the election of 1800 and no way to tell which votes were for president and which were for vice president.

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Definitions:

Goodwill

An intangible asset on a company's balance sheet that arises when a company acquires another for a price higher than the fair value of its net tangible assets.

Retained Earnings

The portion of net income that is not distributed as dividends to shareholders, but rather reinvested in the business or kept as reserve.

Equity Method

A method of accounting employed by a business to log its investment in another firm when it possesses considerable sway but lacks complete authority.

Noncontrolling Interest

A minority stake in a company that is not sufficient to confer control, often reflected in the equity section of the parent company's balance sheet.