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In order for an amendment to be added to the Constitution, it must be proposed first either by Congress or by the approval of Congress for states to form a convention to propose the amendment. The amendment may only be ratified, however, by approval of the states. This way, the federal government does not have the full power to make lasting changes to the Constitution. This is an example of which advantage of the system of federalism?
Cash Conversion Cycle
A measure that quantifies the duration a business takes to transform its investments in inventory and resources into cash inflows from sales operations.
Operating at Capacity
A condition in which a company or facility is producing at the maximum output possible within the constraints of current resources and technology.
Selling Price
The amount for which a product or service is sold to a customer.
Variable Costs
Costs that change in proportion to the level of production or business activity.
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