The 1991 "Ethics Bill" Provided for All but Which One

question 23

Multiple Choice

The 1991 "Ethics Bill" provided for all but which one of the following?

• A) Limits the amount of food, gifts, and entertainment lobbyists can furnish legislators
• B) Creates an Ethics Commission to hold hearings on complaints of improper behavior
• C) Requires lobbyists to report the name of each legislator on whom they spend more than $50
• D) Bans the use of campaign contributions for living expenses
• E) Allows the Ethics Commission to refer ethics violations to the Travis County district attorney

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Definitions:

Operating Leverage

A measure of how revenue growth translates into growth in operating income, due to fixed costs in a company's structure.

Net Income

This is the total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.

Variable Expenses

Costs that change in proportion to the level of activity or production volume.

Fixed Expenses

Costs that do not fluctuate with the volume of production or sales, such as rent, salaries, and insurance.