An Example of the Inherent Power of the U

question 52

Multiple Choice

An example of the inherent power of the U.S. government is the acquisition of the _____, which was necessary to secure support for ratification of the Constitution in several states, including Maryland.

• A) colonies on the Atlantic seaboard
• B) Northwest Territory
• C) Pacific Islands
• D) Caribbean islands
• E) southern states

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Definitions:

Liability

Financial obligations or debts that an entity is legally required to repay in the future.

Company

A business entity created by a collection of people to conduct and manage an enterprise, whether it be for commercial or industrial purposes.

Par Common Stock

The nominal or face value of a share of common stock as stated in the corporate charter, with no direct link to the market value.

Articles Of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.