Prior to the Ratification of the Seventeenth Amendment, How Were

question 73

Multiple Choice

Prior to the ratification of the Seventeenth Amendment, how were senators selected?

• A) by direct election
• B) by the president
• C) by state governors
• D) by state legislators
• E) by the Supreme Court

---

Definitions:

Common Stock

Common stock represents ownership shares in a corporation, providing voting rights and potential dividends to shareholders.

Earnings Per Share

A financial ratio that measures the amount of a company's profit allocated to each outstanding share of common stock, serving as an indicator of the company's profitability.

Public Company

A company whose ownership is distributed amongst general public shareholders through the trading of shares publicly on the stock exchange.

Net Income

What a company ultimately earns in profit after removing the costs of taxes and expenses from its revenue.