Which One of the Following Bodies Was Created in 1949

question 58

Multiple Choice

Which one of the following bodies was created in 1949 to provide research and technical services to Texas legislators?

• A) The Legislative Budget Board
• B) The Legislative Budget Office
• C) The Legislative Audit Committee
• D) The Texas Legislative Council
• E) The Texas Education Board

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Definitions:

Return on Stockholders' Equity

A measure of a company's profitability, calculated as net income divided by average stockholders' equity.

Income Tax Expense

The cost of income taxes, representing the taxpayer's obligation to federal, state, and sometimes local governments, based on earnings before taxes.

Interest Expense

The cost incurred by an entity for borrowed funds, typically reported on the income statement.

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after all expenses are deducted.