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Explain the Concepts of Formal (Enumerated) Powers and Informal Powers

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Essay

Explain the concepts of formal (enumerated) 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.


Definitions:

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance premiums.

Operating Income

A measure of a company's profit generated from its core business operations, excluding deductions of interest and tax.

Operating Leverage

An indicator of the extent to which increases in sales revenue result in an increase in operating profit, showing the level of fixed expenses within a business's cost composition.

Sales Impact

The effect of marketing and sales activities on the volume or value of product sales.

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