Chapter III of the Australian Constitution Vests

question 30

Multiple Choice

Chapter III of the Australian Constitution vests:

• A)executive power in the Federal parliament.
• B)legislative power in the Governor-General acting on the advice of the Federal Executive Council.
• C)Federal judicial power in the High Court of Australia and other Federal Courts.
• D)government power in the Cabinet.

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Definitions:

Excess Consideration

The amount paid over and above the fair value of net assets acquired in a business acquisition.

Goodwill

An intangible asset that arises when a business is acquired for more than the sum of its identifiable net assets.

Equity Income

Income earned by an investor from an investment in the stock of a company, typically through dividends and the investment's appreciation in value.

Annual Review

A periodic evaluation process, often yearly, used to assess an individual's or organization's performance, financial state, or the status of a certain project.