ASVAB Paragraph Comprehension Practice Test 312390

Questions 5

Study Guide

Paragraph 1
Six years ago, lawyer-banker-scholar Charles Morris wrote a prophetic book - 'Two-Trillion-Dollar Meltdown: Easy Money, High-Rollers and the Great Credit Crunch' - that foresaw the 2008 Great Recession before it clobbered America and the world. Now Morris has reversed course and sees good times ahead. His forthcoming book, 'Comeback,' predicts that surging U.S. energy independence will bring a buoyant rise in American manufacturing and jobs.
Paragraph 2
Longtime Attorney General Darrell McGraw was a fierce enforcer of state consumer protection laws, winning billions from firms and fly-by-night outfits that committed consumer violations. For West Virginia illness and death caused by cigarettes, McGraw won two lawsuit settlements from 23 tobacco firms for $1.7 billion and $200 million. In 2002, McGraw won $56 million from 15 coal companies that used "independent contractors" to duck state workers' compensation obligations.
Paragraph 3
A utility cooperative is a type of cooperative that is tasked with the delivery of a public utility such as electricity, water or telecommunications to its members. Profits are either reinvested for infrastructure or distributed to members in the form of "patronage" or "capital credits", which are essentially dividends paid on a member's investment into the cooperative. Each customer is a member and owner of the business with an equal say as every other member of the cooperative, unlike investor-owned utilities where the amount of say is governed by the number of shares held.
Paragraph 4
On Monday, after a long quarter-century, West Virginians said goodbye to their state's 6 percent food tax. Now to see what, if any, business we've been missing. In 1989, retailers warned that sales in West Virginia would go down if legislators imposed a 6 percent tax on food. "Whatever they put on would be passed on to the consumer," Charles Forth, who owned supermarkets in both West Virginia and Ohio, told the newspaper in February 1989. "Six percent is $6 on $100. That will make a difference when people are already hurting and trying to make ends meet." It's a lot easier to drive customers away than to win them back, a fact legislators should bear in mind when it comes to taxation.
Paragraph 5
The Los Angeles County Department of Animal Care and Control (ACC) is one of the largest and most progressive animal control agencies in the United States. The ACC operates six animal shelters serving all unincorporated County areas and 50 contract cities. The ACC covers more than 3,200 square miles of cities, deserts, beaches, and mountains; from the Antelope Valley in the north to the Palos Verdes Peninsula in the south; as far east as the border of San Bernardino County and west all the way to Thousand Oaks. The ACC provides animal control and rescue services 24 hours a day, seven days a week in our service area.