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The Two-Thirds or Three-Fourths Majority Votes Require a High Percentage

question 17

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The two-thirds or three-fourths majority votes require a high percentage majority vote to make a decision. Which of the following characterizes a high-percentage vote?


Definitions:

Year

A period of time consisting of 365 days, or 366 in a leap year, used as a basic unit of time to measure durations and align calendars.

Accumulated Depreciation

Accumulated depreciation accounts for the total amount of depreciation expense that has been claimed over the life of an asset, reducing its book value.

Balance Sheet

A report that lists a business's assets, obligations, and the equity of its shareholders on a specific date.

Property, Plant, and Equipment

The tangible long-lived assets used in the operations of a business, including land, buildings, machinery, and equipment.

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