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The Original Constitution Set No Limit on the Number of Terms

question 77

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The original Constitution set no limit on the number of terms a president could serve.


Definitions:

Equity Method

An accounting technique used by a company to record its investment in another company when it holds significant influence but not full control.

Amortization

The gradual reduction of a debt over a period of time through regular payments that cover both principal and interest.

Net Book Value

The total value of a company's assets minus its liabilities and intangible assets, indicating the net worth of the company's tangible assets.

Consolidated Net Income

The combined net income of a parent company and its subsidiaries, factoring in the effects of intercompany transactions.

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