The Primary Source of Federal Power to Regulate Business Is

question 24

Multiple Choice

The primary source of federal power to regulate business is the

• A)Supremacy Clause.
• B)Commerce Clause.
• C)Contract Clause.
• D)Privilege and Immunities Clause.

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Definitions:

Action Against Directors

Legal proceedings initiated to hold directors of a company responsible for their actions or omissions that harm the company or its stakeholders.

Preferred Shares

A type of stock that offers dividends at fixed rates before any dividends can be issued to common shareholders and typically does not carry voting rights.

Voting Shares

Company shares that grant the shareholder the right to vote on corporate matters.

Securities Commission

A government agency or body responsible for enforcing securities laws, regulating the securities industry, and protecting investors.