Lame Duck Status Provides the President with a Certain Amount

question 46

Multiple Choice

Lame duck status provides the president with a certain amount of ________ to advance unpopular policies.

• A) political freedom
• B) political restraint
• C) political scapegoating
• D) political referendum
• E) political advancement

---

Definitions:

Capital Stock

The total amount of stock, both common and preferred, that a company is authorized to issue according to its corporate charter.

Privately Held Corporation

A corporation that has only a few stockholders and whose stock is not available for sale to the general public.

Retained Earnings

The portion of a company's net income that is not distributed as dividends to shareholders but retained for reinvestment in the business or to pay off debt.

Paid-In Capital

The amount of money that a company receives from shareholders in exchange for shares of stock, exceeding the par value of the shares.