"Virtual" Representation Was the British Theory That

question 103

Multiple Choice

"Virtual" representation was the British theory that

• A) colonists could cast "virtual" votes in Parliament without being physically present.
• B) members of Parliament represented all British subjects even those who had not voted for them.
• C) colonists could elect their own representatives to Parliament.
• D) Parliament could pass virtually all types of legislation except taxes.
• E) the colonists' political virtue was embodied in Parliament.

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Definitions:

Exclusionary Self-tender

A corporate strategy in which a company offers to purchase its own shares from shareholders, typically at a premium, as a means to reduce the number of outstanding shares and thus potentially increase the share price.

Repurchase Agreement

A financial transaction in which one party sells a security to another party with the promise to buy it back at a specified date and price.

Poison Pill

A strategy used by companies to deter hostile takeovers by making the company less attractive to the potential acquirer.

Consolidation

The process of combining multiple entities or accounts into a single entity or account for reporting and analysis purposes.