Through the Grants of Power in the Constitution,the Framers Sought

question 22

Multiple Choice

Through the grants of power in the Constitution,the framers sought to

• A)define the powers of state governments.
• B)create a government in which sovereignty was invested in the national government only.
• C)both empower government and limit it.
• D)enumerate the rights of individuals.
• E)abolish slavery.

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Definitions:

Net Income

The amount of profit left after all operating expenses, taxes, and interest payments are deducted from total revenue.

Revenues

Revenues are the total income earned by a company from its normal business activities, before any expenses are deducted.

Expenses

Costs incurred in the process of earning revenue, typically categorized as certain costs necessary to operate a business.

Assets Increase

A rise in the company's resources, resulting from transactions that bring future economic benefits to the entity.