A Procedure Through Which Local Voters Can Repeal Existing Ordinances

question 34

Multiple Choice

A procedure through which local voters can repeal existing ordinances that the city council will not is called

• A) an initiative.
• B) a referendum.
• C) a recall.
• D) a reform.

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Definitions:

Capital Gains Yield

The increase in the price of an investment, calculated as the percentage difference between the current price and the purchase price.

Total Return

The overall financial gain or loss on an investment, accounting for both capital gains, dividends, and interest income.

Control Of The Firm

The concept referring to who holds significant decision-making power in a company, usually the board of directors or shareholders.

Dual

Pertaining to or involving two parts, elements, or aspects.