One Drawback of Devolution Is That

question 18

Multiple Choice

One drawback of devolution is that

• A) the standards associated with particular programs become increasingly rigid and hard to enforce.
• B) the standards associated with particular programs become increasingly variable between states.
• C) Congress is removed completely from the United States' foreign policy process.
• D) programs become much more difficult to budget.
• E) states have a much harder time implementing programs than the federal government does.

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Definitions:

Capital Budgeting

The process by which a business evaluates and selects long-term investments that are expected to generate profit or value over time.

Retaining Earnings

Retained earnings refer to the portion of net income that is kept by a company rather than being paid out to its shareholders as dividends.

External Equity

Funds raised from outside investors, including public offerings, private placements, and venture capital.

Flotation Costs

The costs associated with issuing new securities, including underwriting, legal, and registration fees, which affect the net proceeds of the issued securities.