What Did Proposition 5 Mandate

question 27

Multiple Choice

What did Proposition 5 mandate?

• A) The state was allowed to cut property taxes to the assessed valuation of the property in 1975.
• B) The state requires the vote of the electorate on all taxes that might be used to replace revenues lost under Proposition 13.
• C) The state was mandated to negotiate a compact to allow tribal casinos.
• D) The state was authorized to sell $3 billion in bonds to fund stem-cell research.

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Definitions:

Dividends

Funds disbursed by a company to its shareholders, typically originating from the firm's earnings.

Product Life Cycles

Describes the stages a product goes through from introduction to growth, maturity, and decline in the market.

Required Rate Of Return

The minimum annual percentage earned by an investment that will entice individuals or companies to put money into a particular security or project.

Dividends

Dividends are payments made by a corporation to its shareholder members, representing a portion of the corporate profits distributed.