Explain the Concepts of Formal Powers and Informal Powers as They

question 22

Essay

Explain the concepts of formal powers and informal powers as they relate to the American presidency.Identify at least two formal powers of the presidency as well as two of its informal powers.Which set of powers is more important for presidents? Discuss a specific example or examples to support your claim.

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Definitions:

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Net Cash Flow

The amount of cash generated or lost over a specific period, considering cash inflows and outflows.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the decline in its value due to wear and tear.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in net profit or loss.