Constitutional Amendments Are Usually Ratified by

question 85

Multiple Choice

Constitutional amendments are usually ratified by

• A)state conventions called by a two-thirds vote in Congress.
• B)a national convention.
• C)a majority of the Supreme Court.
• D)a two-thirds vote in each house of Congress.
• E)legislatures of three-fourths of the states.

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Definitions:

Administrative Costs

Expenses related to the general administration of a business, such as salaries of executive staff, office supplies, and utilities.

Target Costing

A pricing approach where a company determines the potential selling price of a product and then subtracts desired profit to arrive at a target cost, subsequently focusing on reducing manufacturing costs to meet this target.

Return on Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the profit gained from an investment by the cost of the investment.

Selling Price

The amount a customer pays to purchase a product or service, determined by various factors including cost, competition, and demand.