Which of the Following Is TRUE

question 1

Multiple Choice

Which of the following is TRUE?

• A) Constitutional amendments must be passed by a simple majority vote in each chamber of the legislature as well as a special constituent assembly.
• B) Constitutional amendments must be passed by twice two-thirds of the votes in both chambers of the legislature and need not be approved by any other body.
• C) Constitutional amendments can only be passed by a special constituent assembly which is created by a vote in both chambers of the legislature.
• D) Constitutional amendments must be passed twice by three-fifths of the votes in both chambers of the legislature and by a special constituent assembly.
• E) Constitutional amendments must be passed twice by three-quarters of the votes in both chambers of the legislature and subsequently approved by the president.

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Definitions:

EBIT

Earnings Before Interest and Taxes represents a metric for gauging a firm's profit, specifically excluding expenses related to interest and taxes.

Sales Revenue

The total amount of money generated from the sale of goods or services before any expenses are subtracted.

Financial Leverage

The use of borrowed funds to increase the potential return of an investment, amplifying both gains and losses.

Earnings Per Share (EPS)

A financial ratio that measures the portion of a company's profit allocated to each outstanding share of common stock.