In Australia the Upper House of Federal Parliament Is the Senate.Which

question 48

Multiple Choice

In Australia the Upper House of Federal Parliament is the Senate.Which of the following statements concerning the Senate is not correct?

• A)Representation in the Senate is based on population distribution.
• B)Each State has equal representation in the Senate.
• C)There are 12 senators from each State and there are 2 senators from each Territory, resulting in a total of 76 senators.
• D)The executive government does not necessarily control the Upper House.

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Definitions:

British Petroleum

A global oil and gas company headquartered in the United Kingdom, known as BP, one of the world's seven oil and gas "supermajors".

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, reflecting its decrease in value over time.

Taxable Gain

The profit that is subject to taxation, realized from the sale of an asset or investment.

Deductible Loss

A financial loss that can be subtracted from income for tax purposes, reducing the taxable income.