The Ability of Congress to Make Legislation That Requires Stricter

question 92

Multiple Choice

The ability of Congress to make legislation that requires stricter background checks on all firearms purchases, and the president's responsibility to sign or veto that bill is an example of the government's ______.

• A) authority
• B) social contract
• C) legitimacy
• D) power

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Definitions:

Corporation

A legal entity separate from its owners, offering limited liability protection, the ability to raise capital through the sale of shares, and perpetuity.

Market Value

The market rate for buying or selling an asset or service currently.

Ownership

The state or fact of exclusive rights and control over property, which can be tangible or intangible.

Valuation Allowance

An accounting procedure that an entity might use against its deferred tax assets indicating that it is more likely than not that some portion or all of the asset will not be utilized.