What Is the Term for the Requirement That Certain Types

question 57

Multiple Choice

What is the term for the requirement that certain types of measures, such as constitutional amendments, must be approved by the electorate?

• A)initiative
• B)popular referendum
• C)legislative referendum
• D)recall
• E)social capital

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Definitions:

Discount Rate

The interest rate used to determine the present value of future cash flows in discounted cash flow analysis.

Privately Owned

A business that is owned by private individuals or entities and not by the government or public investors.

Shares Of Stock

Units of ownership in a corporation that give shareholders a claim on part of the corporation's earnings and assets.

Overhead

All ongoing business expenses not directly attributable to creating a product or service, including rent, utilities, and administrative costs.