The Most Basic Weakness of the Articles of Confederation Was

question 52

Multiple Choice

The most basic weakness of the Articles of Confederation was which of the following?

• A) Tax levels that were too high for most Americans
• B) An overpowering executive
• C) Congress's lack of power to conduct foreign affairs
• D) Congress's lack of power to declare war
• E) The inability of Congress to raise funds

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Definitions:

Liquidation Process

The procedure of closing a business by selling its assets to pay off its liabilities and distributing any remaining assets to the owners or shareholders.

Gain or Loss

Represents the difference between the sale price of an asset and its original purchase price, indicating a financial profit or deficit.

Income Ratios

Financial metrics that compare different aspects of a company's income, such as net income to sales or net income to total assets, to assess financial health.

Partnership Liabilities

Obligations that are the responsibility of a partnership, shared among partners according to their agreement.