Which of the Following Is True Regarding Lieutenant Governors

question 136

Multiple Choice

Which of the following is true regarding lieutenant governors?

• A)They are appointed by the governor following his or her election in most states
• B)They have extensive formal authority in all states
• C)They are forbidden by most states from being of the same political party as the governor
• D)They are elected on the same ticket as the governor in many states
• E)None of the above are true

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Definitions:

Tax Liability

The total amount of tax owed by an individual or corporation to a taxing authority.

Dollar-Value LIFO

An inventory valuation method that uses the last-in, first-out (LIFO) principle, but adjusts for changes in the value of money over time.

Current Cost

The expense required to replace an asset or an inventory item at the present time, as opposed to its historical purchase price.

FIFO Cost Flow

An inventory valuation method where the cost of the oldest inventory items are the first to be recorded as sold.