Separation of Powers and Federalism Were Two Key Principles in the Framing

question 104

Multiple Choice

Separation of powers and federalism were two key principles in the framing of the U.S. Constitution. These two principles are related in that each

• A) requires a strong central government elected by a popular majority.
• B) involves a system of checks and balances in which power is dispersed.
• C) grants power to a political elite that acts on behalf of the people.
• D) reflects a need for "political virtue"-frugality, industry, temperance, and simplicity.
• E) implies that it is sometimes necessary to exercise unrestrained power.

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Definitions:

Prudently

Acting with or showing care and thought for the future, often within the context of managing finances or making financial decisions.

Ex-Dividend Date

The cutoff date established by a company by which investors must be on the company's books to receive the next dividend payment.

Homemade Dividend Policy

A strategy in which investors create their own dividend policy by selling a portion of their portfolio of equities.

Residual Dividend Approach

A method used by companies to determine the dividend payments based on the residual or leftover earnings after all operational and investment costs have been met.