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Considering the Chart on Page 52 About the Responses from Congressional

question 13

Essay

Considering the chart on page 52 about the responses from congressional and presidential staff and senior bureaucrats, what does this have to tell us about elite attitude towards mass governance?


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Par Value

Par value is the nominal or face value of a bond, stock, or other security, as stated by the issuing company in its charter.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuer, not considered when calculating earnings per share or dividends.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to shareholders, often reinvested in the business.

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Limitations or rules imposed on a corporation's ability to pay dividends to shareholders, often due to legal, contractual, or financial conditions.

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