Under the Constitution, Congress Is Given the Power to Make

question 26

Multiple Choice

Under the Constitution, Congress is given the power to make rules and regulations, but it is the responsibility of the president to enforce those rules and regulations once they become law. This is an example of ______.

• A) popular sovereignty
• B) separation of powers
• C) federalism
• D) reserved powers

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Definitions:

Long-Term Liquidity

Measures a company's ability to meet its long-term financial obligations, indicating financial health over a prolonged period.

Contingent Liability

A potential financial obligation that may occur in the future, depending on the outcome of a specific event.

Financial Statements

Reports that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.

Social Security Tax

A tax that funds the Social Security program, which provides benefits for retired workers, disabled individuals, and their dependents.