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Delaware Facts

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Quizzes in Delaware Facts

Which description of Delaware’s 1776 independence and 1787 ratification is accurate?

  • Delaware’s independence in 1776 and constitutional ratification in 1782 should be treated as separate stages of state formation
  • Delaware’s independence in 1776 and constitutional ratification in 1787 should be treated as separate stages of state formation
  • Delaware’s independence in 1776 and constitutional ratification in 1767 should be treated as separate stages of state formation
  • Delaware’s independence in 1776 and constitutional ratification in 1790 should be treated as separate stages of state formation
Correct answer(s):
  • Delaware's independence in 1776 and constitutional ratification in 1787 should be treated as separate stages of state formation

Which fact best describes chained-dollar GDP?

  • Chained-dollar GDP is designed to measure population growth rather than reporting current market values
  • Chained-dollar GDP is designed to measure land area rather than reporting current market values
  • Chained-dollar GDP is designed for comparing changes in real output over time rather than reporting current market values
  • Chained-dollar GDP is designed only to report current market prices rather than reporting current market values
Correct answer(s):
  • Chained-dollar GDP is designed for comparing changes in real output over time rather than reporting current market values

Which fact best describes the meaning of Delaware’s First State nickname?

  • The phrase First State refers to being the first European colony in North America, not to being the first colony founded in North America
  • The phrase First State refers to being the largest U.S. state, not to being the first colony founded in North America
  • The phrase First State refers to constitutional ratification order, not to being the first colony founded in North America
  • The phrase First State refers to being the first state west of the Mississippi River, not to being the first colony founded in North America
Correct answer(s):
  • The phrase First State refers to constitutional ratification order, not to being the first colony founded in North America

Which option accurately explains high number of Delaware business registrations?

  • A high number of Maryland business registrations does not mean the same number of businesses employ workers inside the state
  • A high number of Virginia business registrations does not mean the same number of businesses employ workers inside the state
  • A high number of New Jersey business registrations does not mean the same number of businesses employ workers inside the state
  • A high number of Delaware business registrations does not mean the same number of businesses employ workers inside the state
Correct answer(s):
  • A high number of Delaware business registrations does not mean the same number of businesses employ workers inside the state

Which option accurately explains Delaware’s regional classification?

  • Delaware’s Mid-Atlantic location provides access to major nearby markets such as Philadelphia, Baltimore and Washington
  • Delaware’s Great Plains location provides access to major nearby markets such as Philadelphia, Baltimore and Washington
  • Delaware’s Southwest location provides access to major nearby markets such as Philadelphia, Baltimore and Washington
  • Delaware’s New England location provides access to major nearby markets such as Philadelphia, Baltimore and Washington
Correct answer(s):
  • Delaware's Mid-Atlantic location provides access to major nearby markets such as Philadelphia, Baltimore and Washington

What is the correct interpretation of Delaware’s corporate-law system?

  • Delaware’s corporate-law system creates benefits from legal expertise, precedent and institutional specialization
  • Maryland’s corporate-law system creates benefits from legal expertise, precedent and institutional specialization
  • New Jersey’s corporate-law system creates benefits from legal expertise, precedent and institutional specialization
  • Virginia’s corporate-law system creates benefits from legal expertise, precedent and institutional specialization
Correct answer(s):
  • Delaware's corporate-law system creates benefits from legal expertise, precedent and institutional specialization

What is the correct interpretation of Delaware’s river, highway and regional transport connections?

  • Virginia’s river, highway and regional transport connections support trade and commuting
  • New Jersey’s river, highway and regional transport connections support trade and commuting
  • Delaware’s river, highway and regional transport connections support trade and commuting
  • Maryland’s river, highway and regional transport connections support trade and commuting
Correct answer(s):
  • Delaware's river, highway and regional transport connections support trade and commuting

Which corporate law statement is correct about the Delaware Court of Chancery?

  • The Supreme Court of Appeals is a specialized equity court rather than a general criminal court
  • The Criminal Circuit Court is a specialized equity court rather than a general criminal court
  • The Court of Chancery is a specialized equity court rather than a general criminal court
  • The Tax Court is a specialized equity court rather than a general criminal court
Correct answer(s):
  • The Court of Chancery is a specialized equity court rather than a general criminal court

Which statement best summarizes Delaware’s economy?

  • New Jersey’s economy is diversified beyond finance even though finance remains unusually important
  • Maryland’s economy is diversified beyond finance even though finance remains unusually important
  • Delaware’s economy is diversified beyond finance even though finance remains unusually important
  • Virginia’s economy is diversified beyond finance even though finance remains unusually important
Correct answer(s):
  • Delaware's economy is diversified beyond finance even though finance remains unusually important

Which choice gives the correct context for deep body of precedent?

  • A deep body of precedent can make Virginia corporate law more predictable for firms and investors
  • A deep body of precedent can make Maryland corporate law more predictable for firms and investors
  • A deep body of precedent can make Delaware corporate law more predictable for firms and investors
  • A deep body of precedent can make New Jersey corporate law more predictable for firms and investors
Correct answer(s):
  • A deep body of precedent can make Delaware corporate law more predictable for firms and investors

Why can preliminary BEA figures change later?

  • Preliminary figures are legally fixed forever
  • Annual revisions apply only to state nicknames
  • BEA figures are replaced by land-area measurements
  • Annual revisions may update the estimates
Correct answer(s):
  • Annual revisions may update the estimates

Which statement is correct about the Delaware General Corporation Law?

  • The Uniform Commercial Code is valued for flexibility in corporate organization and governance
  • The Delaware General Corporation Law is valued for flexibility in corporate organization and governance
  • The Sherman Antitrust Act is valued for flexibility in corporate organization and governance
  • The Federal Reserve Act is valued for flexibility in corporate organization and governance
Correct answer(s):
  • The Delaware General Corporation Law is valued for flexibility in corporate organization and governance

Which statement is correct about GDP comparisons?

  • GDP comparisons require attention to whether the figures are only urban or rural
  • GDP comparisons require attention to whether the figures are only rounded or unrounded
  • GDP comparisons require attention to whether the figures are only public or private
  • GDP comparisons require attention to whether the figures are annual, quarterly, nominal or real
Correct answer(s):
  • GDP comparisons require attention to whether the figures are annual, quarterly, nominal or real

What is true about Corporate law, finance and professional services?

  • Corporate law, finance and professional services reinforce one another in New Jersey’s business economy
  • Corporate law, finance and professional services reinforce one another in Virginia’s business economy
  • Corporate law, finance and professional services reinforce one another in Delaware’s business economy
  • Corporate law, finance and professional services reinforce one another in Maryland’s business economy
Correct answer(s):
  • Corporate law, finance and professional services reinforce one another in Delaware's business economy

Which description of Delaware’s absence of conventional sales tax is accurate?

  • New Jersey’s absence of conventional sales tax can affect retail shopping behavior without eliminating the state’s overall tax system
  • Maryland’s absence of conventional sales tax can affect retail shopping behavior without eliminating the state’s overall tax system
  • Virginia’s absence of conventional sales tax can affect retail shopping behavior without eliminating the state’s overall tax system
  • Delaware’s absence of conventional sales tax can affect retail shopping behavior without eliminating the state’s overall tax system
Correct answer(s):
  • Delaware's absence of conventional sales tax can affect retail shopping behavior without eliminating the state's overall tax system

Which fact best describes Delaware’s gross receipts tax?

  • Poll taxes apply to many sellers and service providers in Delaware
  • National value-added taxes apply to many sellers and service providers in Delaware
  • Gross receipts taxes apply to many sellers and service providers in Delaware
  • Tariff-only systemes apply to many sellers and service providers in Delaware
Correct answer(s):
  • Gross receipts taxes apply to many sellers and service providers in Delaware

Which option accurately explains Delaware’s coastal tourism economy?

  • Kent County’s tourism economy is strongly seasonal because of its Atlantic beach communities
  • New Castle County’s tourism economy is strongly seasonal because of its Atlantic beach communities
  • Sussex County’s tourism economy is strongly seasonal because of its Atlantic beach communities
  • Bucks County’s tourism economy is strongly seasonal because of its Atlantic beach communities
Correct answer(s):
  • Sussex County's tourism economy is strongly seasonal because of its Atlantic beach communities

What is the correct interpretation of Delaware poultry production?

  • Cotton farming and crop farming remain especially important in central and southern Delaware
  • Cattle ranching and crop farming remain especially important in central and southern Delaware
  • Poultry and crop farming remain especially important in central and southern Delaware
  • Citrus growing and crop farming remain especially important in central and southern Delaware
Correct answer(s):
  • Poultry and crop farming remain especially important in central and southern Delaware

Which statement best summarizes Delaware agriculture?

  • Maryland’s economy varies spatially, with finance concentrated in the north and agriculture and tourism more prominent farther south
  • Delaware’s economy varies spatially, with finance concentrated in the north and agriculture and tourism more prominent farther south
  • Virginia’s economy varies spatially, with finance concentrated in the north and agriculture and tourism more prominent farther south
  • New Jersey’s economy varies spatially, with finance concentrated in the north and agriculture and tourism more prominent farther south
Correct answer(s):
  • Delaware's economy varies spatially, with finance concentrated in the north and agriculture and tourism more prominent farther south

Which education and economy statement is correct about the University of Delaware?

  • The University of Maine supports research and higher-skill economic activity in Newark
  • The University of Virginia supports research and higher-skill economic activity in Newark
  • The Rutgers University supports research and higher-skill economic activity in Newark
  • The University of Delaware supports research and higher-skill economic activity in Newark
Correct answer(s):
  • The University of Delaware supports research and higher-skill economic activity in Newark