Scenario: EU Primer The Tiny but Important Country of Beaconville Has Been Invited

question 171

Multiple Choice

Scenario: EU Primer
The tiny but important country of Beaconville has been invited to join the European Union (EU) . However, there is a lot of confusion among the country's population as to exactly how the EU operates. Beaconville's Office of Public Affairs is putting together a flyer outlining some of the EU's basic operating components and needs help answering the following questions.
-The ________ fulfills its role of adopting EU law by debating and amending legislation proposed by the European Commission.

• A) Council of the European Union
• B) European Parliament
• C) Court of Justice
• D) Court of Auditors

---

Definitions:

Owners' Equity

The residual interest in the assets of a company after deducting its liabilities, representing the ownership interest of shareholders.

Reverse Stock Split

A reduction in the number of a corporation's shares available for trade, intended to increase the market value of each share, without changing the company's market capitalization.

Owners' Equity

The residual interest in the assets of a company after deducting liabilities, representing what the owners or shareholders own outright.

Shares Outstanding

The complete count of a corporation's shares currently possessed by all its shareholders, which includes shares held in large blocks by institutional investors and those shares restricted to company insiders.