Which of the Following Is NOT Part of an Acceptable

question 34

Multiple Choice

Which of the following is NOT part of an acceptable process for amending the Constitution?

• A) proposal; approval by two-thirds of Congress
• B) proposal; approval by two-thirds of the states in a national convention
• C) ratification by three-fourths of the states in their legislatures
• D) ratification by three-fourths of the states through state conventions
• E) proposal; approval by three-fourths of Congress

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Definitions:

Financing Costs

Expenses associated with raising capital through debt or equity.

Obsolescence

The process of becoming outdated or no longer used, often due to technological advances.

Credit Standards

The criteria and measures used by lenders to determine the creditworthiness of potential borrowers.

Bad-Debt Losses

Financial losses that occur when borrowers fail to pay back their loans.