Which of the Following Statements Is NOT True About the Legislative

question 28

Multiple Choice

Which of the following statements is NOT true about the legislative branch of government in the current Texas Constitution?

• A) The legislature is limited to one, 140-day regular session every two years.
• B) The members of the legislature set their own salaries.
• C) The powers of the legislature are heavily restricted.
• D) The legislature is forbidden from imposing a state income tax.
• E) The legislature is forbidden from passing a bill that contains more than one subject.

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Definitions:

Nonsystematic Variance

The portion of an investment's variance that is attributable to factors specific to its issuer and can be eliminated through diversification.

Market Index

A statistical measure reflecting the composite value of a selection of stocks, representing a specific market or a portion of it, used as a benchmark.

Active Portfolio

An investment portfolio that is managed with the intent to outperform the market through selecting and trading securities.

At-The-Money Call

An option contract with an exercise price that is approximately equal to the current price of the underlying asset.