A(n)____ Variable Is One Whose Value Is Available Only in the Function

question 7

Multiple Choice

A(n) ____ variable is one whose value is available only in the function in which it is defined.

• A)static
• B)local
• C)iterative
• D)global

---

Definitions:

Dividend Payments

Cash or other forms of payments made by a corporation to its shareholders, typically out of the company’s earnings.

Corporate Distributions

Payments made by a corporation to its shareholders, often in the form of dividends, stock buybacks, or other financial assets.

State Law

The collection of laws and regulations established by each state governing matters within its own jurisdiction.

Mandatorily Redeemable

Refers to securities or financial instruments that the issuer is obliged to buy back at a specific date and price.