The US Constitution Contained No Bill of Rights Because, Among Other

question 201

Multiple Choice

The U.S. Constitution contained no bill of rights because, among other things,

• A) liberty-not rights-was the chief concern of such bills.
• B) the U.S. Constitution was ratified before a bill of rights was deemed necessary.
• C) the Framers thought they were creating a government with specific, limited powers.
• D) special-interest groups forced the changes after the document was ratified.
• E) Hamilton and Madison opposed the addition of such a bill.

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Definitions:

Book Depreciation

The portion of an asset's initial cost that is allocated as an expense over its useful life on the financial statements, according to accounting standards.

Tax Rate

The percentage at which an individual or corporation is taxed by the government, influencing financial decisions and tax planning.

Deferred Income Tax Liability

A tax obligation recorded on the balance sheet for income that has been recognized but not yet taxed.

Book Income Before Income Tax

This is the income an entity has earned before any taxes have been deducted, as reported in the financial statements.