What Was the Source of the Law That Requires at Least

question 16

Multiple Choice

What was the source of the law that requires at least 40 percent of the general fund to be spent on education unless the legislature declares an emergency?

• A)the Constitutional Convention of 1879
• B)an initiative
• C)enactment of legislation by the legislature and governor
• D)federal regulations

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Definitions:

Net Operating Income

The profit a company generates from its operations, excluding taxes and interest, calculated as revenues minus expenses.

Operating Assets

Assets used by a business in its day-to-day operations to generate revenue, excluding investments and non-essential assets.

Return On Investment

An evaluation tool for gauging the productivity or returns of an investment, achieved by dividing the net earnings by the investment's expense.

Investment Opportunity

An economic or financial situation in which one might invest money with the expectation of achieving a positive return.