Which Is One Reason Why the Power and Responsibility of the Presidency

question 33

Multiple Choice

Which is one reason why the power and responsibility of the presidency has increased?

• A)The presidents' use of the line-item veto has increased their power over the Congress.
• B)The budgets for government agencies have decreased,leaving more responsibility to the president.
• C)Modern presidents have to exercise powers as commander in chief,while earlier presidents did not.
• D)The United States has increased its prominence on the world stage.

Analyze and calculate raw materials usage based on inventory data.

Understand and calculate the allocation of underapplied or overapplied manufacturing overhead.

Determine the predetermined overhead rate based on direct labor-hours and manufacturing costs.

Understand the concept of work in process inventory adjustments due to manufacturing overhead application.

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Definitions:

Diminishing Marginal Utility

The economic principle stating that as a person increases consumption of a product, there is a decline in the additional satisfaction or utility that person derives from consuming one more unit of the product.

Increasing Opportunity Costs

The principle that the cost of forgoing the next best alternative increases as one allocates more resources to a certain activity.

Value Losses

Decreases in the worth or market value of an asset over time.

Cash Gift-Giving

The practice of giving money as a present to friends or family members on special occasions or celebrations.