A Second Election Held in Some States If No Candidate

question 41

Multiple Choice

A second election held in some states if no candidate in the primary election receives a majority of the votes is called

• A) a direct primary.
• B) a runoff primary.
• C) an open primary.
• D) a closed primary.

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Definitions:

Adjusted Book Value

The net worth of a company calculated by adjusting assets and liabilities to their market values rather than their book values.

Stock Issuance

The process by which a company releases its shares to the public or existing shareholders, often to raise capital.

Percent Ownership

The portion of equity interest that an investor holds in a company, often expressed as a percentage.

Shares Common Stock

Equity securities that represent ownership interest in a corporation, with rights to dividends and to vote on corporate matters.