Formally Amending the U.S. Constitution

question 197

Multiple Choice

Formally amending the U.S. Constitution

• A) typically requires two-thirds support by Congress and support by three-fourths of state legislatures.
• B) requires presidential support and a simple majority in both houses of Congress.
• C) requires a simple majority in both houses of Congress
• D) happens quite frequently.
• E) requires a majority support in Congress and among the states

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Definitions:

Perpetual Inventory Records

A method of maintaining real-time records of inventory levels, where updates are made automatically for every sale, return, and receipt of merchandise.

Purchases Discount

Purchases Discount refers to a reduction in the price paid for goods or services if payment is made within a specified period.

Yearly Savings Rate

The percentage of one's income that is saved annually, often used in personal financial planning.

FOB Shipping Point

A term used in shipping contracts to indicate that a buyer must pay for the shipping costs and is responsible for the goods once they leave the seller's premises.