Antifederalists Believed That the Sovereignty of the People Resided on What

question 38

Multiple Choice

Antifederalists believed that the sovereignty of the people resided on what level of government?

• A) local
• B) county
• C) state
• D) federal
• E) an international commonwealth of English-speaking people

---

Definitions:

Operating Income

The profit realized from a business's core operating activities, excluding deductions of interest and taxes.

Invested Assets

Assets that are purchased or acquired for the purpose of generating income or appreciating in value.

Managerial Efficiency

Refers to the effectiveness with which managers utilize resources to achieve an organization's objectives and optimize operations.

Investment Turnover

A ratio that measures the efficiency of a company in generating sales from its investments in assets.