In Addition to the Powers Explicitly Granted by the Constitution

question 49

Multiple Choice

In addition to the powers explicitly granted by the Constitution, the president also has _____ that are necessary to carry out the specific responsibilities of the president as set forth in the Constitution.

• A)legislative powers
• B)executive powers
• C)supremacy powers
• D)inherent powers
• E)hereditary powers

Understand the accounting for and effects of restrictions/appropriations of retained earnings.

Distinguish between public and private corporations based on stock characteristics.

Grasp the effects of correcting errors on retained earnings and how to calculate year-end balances.

Know the main sources of stockholders' equity and the primary purpose of stock splits.

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Definitions:

Agricultural Products

Items produced through farming and agriculture, including foods, fibers, fuels, and raw materials.

Agricultural Subsidies

Government financial assistance to farmers to supplement their income, stabilize food prices, and ensure a reliable food supply.

Tariffs

Taxes imposed on imported goods and services, which are typically used by governments to regulate trade and protect domestic industries.

Agricultural Imports

Refers to the purchase of food, crops, and other agricultural products from foreign countries to meet domestic demand or supply shortages.