In the Supreme Court's View,the "Necessary and Proper" Clause

question 32

Multiple Choice

In the Supreme Court's view,the "Necessary and Proper" Clause:

• A) authorizes Congress to legislate only in areas mentioned in the list of enumerated powers.
• B) enables Congress to legislate in areas not mentioned in the list of enumerated powers as long as such legislation reasonably relates to some enumerated power.
• C) extends "state action" to action taken by private citizens whenever such interpretation is necessary to protect a fundamental right.
• D) restricts state regulations that obstruct interstate commerce.

---

Definitions:

Parent-Subsidiary Relationship

A corporate structure dynamics where one company (the parent) controls another company (the subsidiary) through ownership of a majority of its voting stock.

Common Stock

Equity ownership in a corporation, with holders having a vote in company matters but typically last in line for claims on assets.

Fair Value Method

An accounting approach where assets and liabilities are reported at their current prices or the estimated amount they would fetch in the market.

Brokerage Fee

A charge levied by a broker for facilitating transactions between buyers and sellers.