To Pass a Bill, It Must Receive a Majority of Votes

question 39

Multiple Choice

To pass a bill, it must receive a majority of votes of

• A)those present.
• B)the entire house membership.
• C)those on the reporting committee.
• D)the majority party.

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Definitions:

Convertible Preferred Stock

A type of preferred stock that gives the holder the right to convert their shares into a predetermined number of common stock shares, usually after a specific date.

Noncumulative Preferred Stock

Preferred shares that do not entitle the holder to claim dividends missed in the past if the company decides not to distribute dividends in a given year.

Stock Split

A corporate action that increases the number of a company's outstanding shares by dividing each share, which in turn reduces the price per share, making the stock more accessible to investors.

Basic Earnings Per Share

A measure of a company's profitability that shows how much of its profits are allocated to each share of common stock.