Direct Initiatives Are Distinguished by the Fact That

question 30

Multiple Choice

Direct initiatives are distinguished by the fact that

• A)the legislature votes directly on citizens' proposals.
• B)the courts must decide that the proposals are consistent with federal law before they are adopted.
• C)the Secretary of State must certify that sufficient signatures exist to permit immediate adoption.
• D)the proposals are placed directly on the general election ballot by citizens.

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Definitions:

Income Statement

A report showing the earnings, expenses, and net income of a business during a particular period, reflecting its financial performance.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in discounting to assess investment value.

Semiannual Interest

Interest that is calculated and paid twice a year, often associated with bonds or loans.

Effective Rate

The actual interest rate that a borrower pays or earns, taking into account the compounding of interest.