Which of the Following Is True of the Unfunded Mandates

question 33

Multiple Choice

Which of the following is true of the Unfunded Mandates Reform Act of 1995?

• A)All unfunded federal mandates were eliminated.
• B)Only federal mandates affecting education were eliminated.
• C)Only federal mandates affecting welfare assistance were eliminated.
• D)Congress exempted federal mandates dealing with civil liberties and civil rights from elimination.
• E)Congress exempted federal mandates dealing with the environment from elimination.

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Definitions:

Investment Bankers

Professionals who advise companies on financial matters, including mergers and acquisitions, and help them to raise capital by issuing stocks or bonds.

Initial Public Offering

The first time that the stock of a private company is offered to the public.

Venture Capitalist

An investor who provides capital to start-ups or small companies with high growth potential in exchange for equity stakes.

Leveraged Buyout

A financial transaction in which a company is purchased primarily with borrowed funds, often by taking on significant debt.