All of the Following Statements Are True About Sunset Legislation $\bold{except}$

question 66

Multiple Choice

All of the following statements are true about Sunset legislation $\bold{except}$

• A) all federal legislation must incorporate sunset provisions of ten years.
• B) legislation with sunset provisions must be reauthorized at the end of the designated period or the program created by the legislation will end.
• C) Sunset provisions were first recommended during the creation of President Roosevelt's New Deal agencies.
• D) many state governments have adopted sunset provisions in legislation.
• E) Sunset provisions allow Congress and state legislatures to revisit legislation at a later date to determine if the legislation needs revision or should be abandoned.

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Definitions:

Earnings Per Share

A company's profit divided by the number of outstanding shares of its common stock, indicating the company's profitability on a per-share basis.

Cash Coverage Ratio

A liquidity ratio that measures a company’s ability to pay off its debt with cash and cash equivalents, indicating financial health.

Operating Activities

The section of a company's cash flow statement that reveals the cash generated or used in the company’s primary business operations.

Interest Expense

The expense an entity faces for using borrowed capital over a specific time frame.