One Factor That Can Have a Major Impact on State

question 5

Multiple Choice

One factor that can have a major impact on state revenues in California is

• A) the war in Afghanistan.
• B) the financial knowledge of the state treasurer.
• C) the state of the economy.
• D) the line-item veto.

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Definitions:

Operation Of Law

Processes or rights that are automatically applied by virtue of legal authority, without the need for action by any party.

Tender Of Performance

An offer by one party to perform their obligations under a contract, in accordance with the terms agreed upon, which can be relevant in resolving disputes about contract breaches.

Agreement

A mutual understanding or arrangement, often formal, between two or more parties regarding their rights and duties toward each other.

Certified Cheque

A cheque guaranteed by a bank, assuring the recipient that the writer has sufficient funds available for the transaction.