The Term "Senatorial Courtesy" Refers To

question 60

Multiple Choice

The term "senatorial courtesy" refers to:

• A) the Senate deferring to the president in making appointments to the Supreme Court.
• B) the Senate focusing on merit criteria in the appointment process.
• C) the president deferring to members of the president's party from each state in choosing nominees to district courts.
• D) the president focusing on the political preferences of the Senate in selecting Supreme Court nominees.
• E) the tradition of the president providing the names of all judicial nominees to the Senate majority leader first before announcing the nominations publicly.

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Definitions:

Paid-In Capital

The amount of money received from shareholders in exchange for shares of the company’s stock.

Retained Earnings

Cumulative net income not distributed to shareholders, used for reinvestment in the business or to pay down debt.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often paying fixed dividends.

Excess Of Par

The amount by which the price or value of a security exceeds its par value, particularly in the context of bond or stock issuance.