Understanding the Revenue Generating Ability of the Core Export Activities

question 3

Multiple Choice

Understanding the revenue generating ability of the core export activities of a local area has important implications on the market value of real estate. When the income that these activities generate is re-spent within the community on other local goods and services, the community is benefiting through a:

• A) dividend process
• B) multiplier process
• C) forced saving process
• D) diversification process

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Definitions:

Corporate Charter

The legal document that establishes a corporation and outlines its structure, objectives, and the authority to operate, also known as articles of incorporation.

Personal Liability

The legal responsibility of an individual to settle debts or obligations from their own assets.

Voting Trust

An agreement among shareholders to transfer their voting rights to a trustee.

Cumulative Voting

A system of voting for corporate directors that is designed to benefit minority shareholders by allowing shareholders to multiply their voting shares by the number of directors to be elected.