The Framers' Most Significant Modification of the Traditional Doctrine of the Separation

question 70

Multiple Choice

The framers' most significant modification of the traditional doctrine of the separation of powers was to

• A)include federalism.
• B)include a two-chamber legislature.
• C)define legislative power precisely,while defining executive and judicial power only in general terms.
• D)ensure that the powers of the separate branches overlap,so that each could better act as a check on the others.
• E)grant the power of judicial review to the judiciary.

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Definitions:

Weighted-Average Method

The weighted-average method is an inventory costing method that assigns a weighted average cost to the inventory items based on the cost of goods available for sale and the units available.

Conversion Costs

The sum of direct labor and manufacturing overhead costs, representing the expenses necessary to convert raw materials into finished goods.

Materials Cost

The cost of materials that are used in the production of goods; a component of the total cost of goods sold.

Weighted-Average Method

An inventory costing method that calculates the cost of ending inventory and cost of goods sold based on the average cost of all goods available for sale during the period.