If a Lawmaker Receives a Gift from a Lobbyist Over

question 6

Multiple Choice

If a lawmaker receives a gift from a lobbyist over a certain value, she must _______ it.

• A) pay for
• B) donate
• C) refuse
• D) report

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Definitions:

Retained Earnings

Accumulated profits of a corporation that have been kept in the business and not paid out as dividends. Retained Earnings is part of stockholders’ equity.

Preferred Stock

A class of ownership in a corporation with a fixed dividend, receiving priority over common stock in dividend distribution and asset liquidation.

Preferred Stock

A class of stock that provides shareholders with a fixed dividend before any dividends are issued to common stockholders, often with no voting rights.

Common Stock

A type of equity ownership in a corporation, representing a claim on part of the company's profits and assets.