A State May Exercise Which of the Following to Regulate

question 14

Multiple Choice

A state may exercise which of the following to regulate the safety,health,morals and welfare of its citizens:

• A)Vice laws
• B)Enabling legislation
• C)Police powers
• D)Stare decisis
• E)Jurisdiction

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Definitions:

Cash Discount

An incentive offered by sellers to encourage buyers to pay earlier, resulting in a reduction in the amount due.

Captive Finance Company

A finance company that is wholly owned by a parent company, primarily for the purpose of providing financing to the customers of the parent company.

Credit Function

The role of extending credit to consumers or businesses, enabling the purchase of goods or services before payment.

Controlled Disbursements

A cash management technique where companies strategically issue payments to regulate their cash outflows and maximize the available cash.