Until the 1930s, the Pattern of U

question 223

Multiple Choice

Until the 1930s, the pattern of U.S. legislation was that

• A) little initiative was taken by the president or Congress.
• B) initiative was taken by the president and Congress about equally.
• C) initiative was taken by the president and responded to by Congress.
• D) initiative was taken by Congress and responded to by the president.
• E) initiative was taken by the president with the advice and consent of Congress.

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Definitions:

Cumulative Dividends

Dividends on preferred shares that accumulate and must be paid out before any dividends can be distributed to common shareholders.

Consolidated Cost

The total cost that combines figures from various subsidiaries of a parent company into one aggregated total.

Unrealized Inventory Profits

Profits that result from internal sales within a company or conglomerate but have not been realized through sales to external parties.

Significant Influence

A level of control that an investor has over a business entity, typically through ownership of a significant but not majority share of voting stock.