Although Public Opinion Does Not Fluctuate Erratically, Change Can Occur

question 11

Multiple Choice

Although public opinion does not fluctuate erratically, change can occur when which of the following happens?

• A) When the president makes his State of the Union address
• B) When older voters change their minds collectively on an issue
• C) When different generations with different experiences enter the electorate
• D) When pollsters refine their questions to get the answers that they're looking for
• E) When everyone maintains the same opinion about current topics

Understand the difference between net income and comprehensive income.

Identify and correct errors in previously issued financial statements.

Recognize the legal and procedural aspects of declaring dividends.

Understand the concept of equilibrium in a market and how it is determined by the forces of supply and demand.

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Definitions:

Tax Free Municipal Bond

A debt security issued by a state, municipality, or county to finance its capital expenditures, exempt from federal taxes and, in some cases, state and local taxes.

Taxable Yield

The yield on an investment before the adjustment for taxes, representative of the income an investor would receive if it were not taxed.

Tax Bracket

A range of incomes taxed at a particular rate, with the tax system being progressive, meaning the rate increases as income does.

Market Value Weighted Index

An index in which each constituent is weighted according to its market value, so larger companies have a bigger impact on the index's performance.