Which of the Following Best Describes the Requirement(s) Necessary to Be

question 45

Multiple Choice

Which of the following best describes the requirement(s) necessary to be a judge of the Texas Supreme Court?

• A) thirty-five years of age
• B) citizen of the United States and a resident of Texas
• C) practicing lawyer or judge for at least ten years
• D) natural-born Texas state resident
• E) thirty-five years of age, citizen of the United States, resident of Texas, practicing attorney or judge for at least ten years

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Definitions:

Weighted Average Cost

Reflects the average cost per unit of inventory, factoring in all costs of items purchased at various prices.

Cost of Equity

The return a firm theoretically pays to its equity investors, i.e., shareholders, to compensate for the risk they undertake.

Debt

A sum of money lent by one party to another, with the agreement it will be repaid later, typically with additional interest.

Financial Leverage

Taking advantage of borrowed finances to raise the possible outcomes of an investment.