Because the Constitution Could Not List Every Possible Situation the Government

question 57

Multiple Choice

Because the Constitution could not list every possible situation the government may face, it provides for ______ powers.

• A) enumerated
• B) implied
• C) exclusive
• D) concurrent

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Definitions:

Integrated Subsidiary

A subsidiary whose operations are closely intertwined with its parent company, sharing resources, processes, and management.

Foreign Exchange Gains

Profits resulting from changes in exchange rates affecting the value of assets, liabilities, or financial transactions denominated in a currency other than the entity's functional currency.

Wholly Owned Subsidiary

A subsidiary where the parent company owns 100% of the shares, giving it complete control over the subsidiary.

Financing

The process of providing funds for business activities, making purchases, or investing, through various means like loans, equity, or bonds.