Which of the Following Is Not a Step in the Initiative

question 21

Multiple Choice

Which of the following is not a step in the initiative process?

• A) approval of initiative petition by state or local government
• B) collection of signatures
• C) state-wide vote during a ballot election
• D) signature or veto by state governor

---

Definitions:

Tax Rate

The portion of financial income that lawmakers decree as taxable for corporations or individuals.

Dividends Paid

The portion of a company's earnings distributed to shareholders, typically expressed as a dollar amount per share.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the upcoming fiscal year.

Sales Capacity

The maximum volume or number of units a company can sell under current resources and market conditions.