Which of the Following Statements About Congressional Reactions to Contacts

question 39

Multiple Choice

Which of the following statements about congressional reactions to contacts between members of Congress and lobbyists is LEAST accurate?

• A)Starting in 1946, lobbyists had to register with congressional officials.
• B)In 2007, Congress passed an act effectively closing loopholes and leveling access to members of Congress.
• C)A rash of scandals in the early twenty-first century contributed to congressional efforts to curb the influence of lobbyists.
• D)Members of Congress can no longer accept outright gifts, meals, or trips from lobbyists.
• E)Congress has imposed new rules that make it more difficult for members to insert earmarks anonymously.

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities; also known as shareholders' equity.

Unsecured Debt

A type of debt or general obligation that does not have collateral backing and is issued solely based on the creditworthiness and reputation of the issuer.

Credit Standing

An assessment of a person or entity's ability to repay debts, often influenced by past borrowing and repayment history.

Collateral

An asset pledged as security for repayment of a loan, forfeitable in the event of a default.