The Seventeenth Amendment Was Ratified in 1913

question 45

Multiple Choice

The Seventeenth Amendment was ratified in 1913. What did it change?

• A) Prior to 1913, the president was elected by the state legislatures.
• B) It provided for direct election of U.S. senators by the people.
• C) It created the sales tax.
• D) It created the electoral college.
• E) It lowered the voting age to 18 years of age.

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Definitions:

Accounting Equation

The fundamental principle of accounting that states assets equal liabilities plus owner's equity.

Purchasing Supplies

The process of acquiring the goods and materials a company needs to operate.

Increases Liabilities

Refers to events or transactions that result in a rise in the amounts owed by a company, such as taking on new loans or issuing bonds.

Decreases Equity

Activities or transactions that reduce the owner's equity in a company, often through expenses, losses, or distributions to owners.