The MOST Common Method of Passing an Amendment to the Constitution

question 85

Multiple Choice

The MOST common method of passing an amendment to the Constitution is passage

• A)in both houses of Congress by a two-thirds vote, followed by a majority vote in three-fourths of the state legislature.
• B)in both houses of Congress by a two-thirds vote, followed by ratification by three-fourths of the state supreme courts.
• C)by a constitutional convention, called by three-fourths of the states.
• D)by the initiative process in three-fourths of the states and unanimous approval by the Supreme Court.

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Definitions:

Earnings Before Interest

Earnings before interest is a measure of a company's profitability that calculates earnings before the expense of interest is deducted; it’s part of the calculation used for EBIT (earnings before interest and taxes).

Unlevered Cost

The cost of financing a project or investment without any debt.

Debt/Equity Ratio

This ratio signals the proportionate financing of company assets by means of shareholders' equity and debt.

Borrow

The act of receiving money, goods, or services from a lender or institution under an agreement to return or repay it in the future.