The Authors of the Articles of Confederation

question 71

Multiple Choice

The authors of the Articles of Confederation

• A) embraced the strong executive model.
• B) envisioned a strong Congress and a weak president.
• C) envisioned strong federal courts.
• D) embraced the belief that an executive leader could end up a tyrant.

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Definitions:

Net Operating Income

This represents the total profit of a company after subtracting operating expenses, excluding taxes and interest.

Variable Costing

An accounting method that considers only variable costs as product costs, with fixed costs treated as period costs.

Net Operating Income

A measure of a company's profitability, calculated by subtracting operating expenses from operating revenue.

Variable Costing

An accounting method that only allocates variable costs to inventory, treating fixed costs as period expenses that are charged to the income statement in the period they are incurred.