Which of the Following Statements Is True of the Articles

question 45

Multiple Choice

Which of the following statements is true of the Articles of Confederation?

• A)They created a national citizenship, which gave equal rights to qualifying members.
• B)They gave extensive powers to the Committee of the States.
• C)They were drafted during the First Continental Congress.
• D)They gave the federal government the right to levy taxes.
• E)They provided a strong national policy on internal trade and commerce.

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Definitions:

Cost Allocation Process

The procedure of identifying, aggregating, and assigning costs to cost objects, such as products, services, or departments.

Journal Entries

Records of financial transactions in the double-entry bookkeeping system, indicating the accounts and amounts to be debited and credited.

Reciprocal Services Method

An approach used to allocate costs between different departments within a company that provide services to each other, maintaining a balanced internal economy.

Support Department Costs

Expenses incurred by departments that do not directly generate revenue but support those that do.