Which of the Following Is True About Direct Initiative

question 91

Multiple Choice

Which of the following is true about direct initiative?

• A)It gives state legislatures an opportunity to pass laws without gubernatorial approval.
• B)It can only be used for constitutional amendments.
• C)It does not require any signatures on a petition to have a measure put on a ballot.
• D)It allows any individual or interest group to draft a proposed law and file it with a designated state official.
• E)It cannot be used for constitutional amendments.

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Definitions:

Predetermined Overhead Rate

A rate established in advance used to apply manufacturing overhead costs to products based on a certain activity base.

Fixed Overhead

Regular, unchanging costs associated with running a business, such as rent, salaries, and utilities, that do not fluctuate with production volume.

Work in Process

Refers to the cost of the unfinished goods in the manufacturing process including labor, material, and overhead.

Materials Price Variance

The difference between the actual cost of direct materials and the standard cost multiplied by the actual quantity purchased or used.