When a Governmental Body Puts Questions of Public Policy on a Ballot

question 110

Multiple Choice

When a governmental body puts questions of public policy on a ballot for voters to decide, this is called a(n) :

• A) Initiative
• B) Referendum
• C) Nonbinding resolution
• D) Ballot question

---

Definitions:

Debt

Money owed by one party to another under the condition that it is to be repaid, often with interest, at a later date.

Capital Structure

The mix of different forms of external funds used to finance a company's operations, such as debt and equity.

Earnings Per Share

A financial ratio that measures the amount of net income earned per share of stock outstanding.

Cost Of Debt

The effective interest rate that a company pays on its total debt, influencing its finance strategy.