Which One of the Following Is a Realistic Description of the Qualifications

question 3

Multiple Choice

Which one of the following is a realistic description of the qualifications for office and length of terms for the Texas Legislature?

• A) a twenty-year-old candidate for the Texas House of Representatives
• B) a fifty-year-old candidate for the Texas Senate who moved to Texas three years prior to the election
• C) a forty-five-year-old candidate for the Texas Senate who wants to be elected to a six-year term
• D) a Texas resident for twenty-five years who seeks election to the Texas House of Representatives

---

Definitions:

Stock Traded

The buying and selling of company shares or equity securities in financial markets.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, represented in part by capital stock and retained earnings.

Unissued Stock

Unissued stock refers to shares that have been authorized in a company's charter but have not yet been sold or distributed to shareholders.

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.