Governmental Budgets Must Be Voted Upon by Citizens for Approval

question 34

True/False

Governmental budgets must be voted upon by citizens for approval in an annual general election.

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Definitions:

Corporations

Legal entities that are separate from their owners, with the ability to own assets, incur liabilities, and engage in contracts or legal actions.

Protestantism

A branch of Christianity that originated with the Reformation, a movement against what its followers perceived as errors in the Roman Catholic Church.

Capitalism

An economic system characterized by private ownership of the means of production, the operation for profit, and market competition.

Protestant Work Ethic

A concept emphasizing hard work, discipline, and frugality as a result of one's faith, historically linked to Protestantism and seen as a factor in the economic success of individuals and societies.