Formally Amending the Constitution

question 174

Multiple Choice

Formally amending the Constitution

• A) is extremely difficult.
• B) requires a vote of the people for each proposed amendment.
• C) is quite easily done.
• D) requires the approval of five justices on the U.S. Supreme Court.
• E) can be done by executive order.

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Definitions:

Market Prices

The current price at which an asset or service can be bought or sold in a open and competitive market.

Realization

The process of converting non-cash assets into cash or accounts receivable through sales or other means.

Income Sharing Ratio

The proportion or percentage in which partners in a business agree to distribute the profits and losses among themselves.

Capital Balances

This term refers to the amounts of money partners in a partnership have contributed or that represents their share of ownership.