A. Option D
B. Option B
C. Option C
D. Option A
Answer: C
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NEW QUESTION: 1
Said a Melrose, Massachusetts, housing engineer in 1980, "Every politician is the same, regardless of whether he's in Boston or Washington. That's why a lot of us may choose not to vote this November." As a result, people are focusing efforts on the local level. There, one sees not apathy but intense political activity.
There has been a gradual but pronounced shift of power out of the hands of elected officials to direct ballot voting through local initiatives and referenda where people, not officials, decide by a majority vote a certain course of action.
Politicians matter less and less. So there is a declining interest in national political elections. It is a natural consequence of the shift from a representative to a participatory democracy.
Political commentators and the media, of course, see this as anything but natural. We are constantly upbraided for apathy and for taking democracy for granted. And by now we all feel even guilty about it.
We should not. Low voter turnout does not automatically signal trouble in democracy. In any event, exceptionally high turnout is not necessarily the wonderful thing the commentators would have us believe it is. Worldwide, the highest turnouts occur in totalitarian states. For example, only one voter failed to turn out in Albania's 1978 general election; North Korea counts on a full 100-percent turnout; and in Romania and East Germany the vote hovers at around 99 percent.
Political analysis used to associate low turnout with apathy or ignorance. But as the electorate becomes better educated, more informed, and more assertive, that rationalization is becoming increasingly difficult to substantiate. Analysts are finally beginning to understand that voters are making a conscious decision not to participate.
We have pulled the essence of political power out of the hands of our elected representatives and reinvested it into two main areas: (1) the direct ballot vote of initiatives and referenda and (2) grassroots political activity. In both cases citizens, not politicians, decide on a course of action and live with it.
The author mentions the voter turnout in some other countries to show that
A. the U.S. is less democratic than some other countries.
B. voter turnout in the U.S. is low.
C. high turnout is not necessarily a sign of democracy.
D. we take democracy for granted by not voting.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 2
A. Option D
B. Option B
C. Option C
D. Option A
Answer: C
NEW QUESTION: 3
A. Option B
B. Option C
C. Option D
D. Option A
Answer: C
NEW QUESTION: 4
The Fischer Company had net income of $1,500,000. Fischer paid preferred dividends of $5 on each of the 100,000 preferred shares. There are 1 million Fischer common shares outstanding. In addition to the common and preferred stock, Fischer has $25 million of 4 percent bonds (par value: $100) outstanding. Each bond is convertible into 4 common shares. If Fischer's tax rate is 40 percent, what is its diluted earnings per share?
A. $1.00.
B. $0.33.
C. $0.80.
Answer: C
Explanation:
The numerator is net income plus the pre-tax interest. The number of bonds is $25 million /
$ 100 = 250,000. The bonds are convertible into 250,000 x 4 = 1 million common shares. Diluted EPS =
[$1,000,000 + $1,000,000(1 - 0.4)]/[1,000,000 + 1,000,000] = $0.80