What Is the Relationship Between Local State Governments and the Larger

question 6

Multiple Choice

What is the relationship between local state governments and the larger national government in Nigeria?

• A) State governments must agree on and approve the president,who in turn assumes most of the executive power of the national government.
• B) State governments have received advanced devolution of power in recent decades,taking over a lot of the administration of local natural resources.
• C) State governments have little autonomy and are mainly recipients of patronage from central government officials.
• D) Block voting by state governments in the legislature's upper house has allowed state coalitions to capture the legislative process on some occasions.

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Definitions:

Long-Term Investments

Assets that a company intends to hold for more than one year, including stocks, bonds, and real estate.

Bonds Retired

The process of redeeming bonds before their maturity date, effectively removing them from circulation.

Old Equipment

Refers to machinery or tools that have been used over an extended period and may now be considered outdated or less efficient.

Indirect Method

A financial accounting technique used to prepare the cash flow statement, where changes in balance sheet items are adjusted to convert accrual-based net income into cash flow.