Marshall's Explanation of the Necessary and Proper Clause of the Constitution

question 16

Multiple Choice

Marshall's explanation of the necessary and proper clause of the Constitution can be summed up as allowing congressional action ______.

• A) only when the President certifies that the action is necessary and proper for the administration of justice
• B) only if the action is explicitly provided for in the Constitution
• C) as long as the executive agreed with the action and it was not specifically prohibited by the Constitution
• D) as long as the means are plainly adapted to achieve an enumerated power and not specifically prohibited by the Constitution

---

Definitions:

Payback Period

The time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment.

NPV

Net Present Value; a method used in capital budgeting to assess the profitability of an investment or project, calculated by subtracting the present value of cash outflows from the present value of cash inflows over a period of time.

NPV

NPV, or Net Present Value, is a financial metric used to evaluate the profitability of an investment, calculated by subtracting the present value of cash outflows from the present value of cash inflows over a period of time.

Cost of Capital

The rate of return a company must earn on its investment projects to maintain its market value and attract funds.