Which of the Following Statements About the Twenty-Seventh Amendment to the Constitution

question 86

Multiple Choice

Which of the following statements about the Twenty-Seventh Amendment to the Constitution is NOT accurate?

• A)The amendment declares that no congressional pay increase can take effect until the next Congress is elected.
• B)The amendment was proposed in 1789 along with the 10 amendments that became the Bill of Rights.
• C)The amendment eliminated "lame-duck" sessions of Congress.
• D)The amendment was ratified in 1992.

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Definitions:

Pension Plan

A retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit.

Cumulative Unrecognized Loss

Losses that have not been realized through a transaction and are not reflected in financial statements, often relating to investments or assets held.

Amortization

The gradual reduction of a debt or the spreading out of capital expenses for intangible assets over a period.

Plan Asset Value

The market value of assets that are held within a pension or retirement plan.