The Phrase 'Division of Power' Refers To

question 35

Multiple Choice

The phrase 'division of power' refers to:

• A)the separation of legislative, executive and judicial power within each level of government.
• B)the notion that laws are made by the legislature, administered by the executive and interpreted by the judiciary.
• C)the separation between the three arms of government.
• D)the division of law-making power between the Federal government and various State governments.

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Definitions:

Common Stock Market

A marketplace for the buying and selling of equity securities or shares representing ownership in publicly traded companies.

Dividends

Payments made by a corporation to its shareholders, usually in the form of cash or additional shares, from the company's profits.

Stockholders' Equity

The residual interest or value that shareholders have in a company after all liabilities are subtracted from the assets.

Financial Statement

Documents that provide an overview of a company's financial condition in both short and long term, including balance sheets, income statements, and statements of cash flows.