Which of the Following Types of System Consists of a League

question 56

Multiple Choice

Which of the following types of system consists of a league of independent states, each having essentially sovereign powers, and a central government with limited powers?

• A) Unitary
• B) Confederal
• C) Federal
• D) Authoritarian
• E) Bicameral

Grasp the concept and legal significance of the corporate veil and circumstances under which it may be pierced.

Understand the distinctions between par-value and no-par-value shares and their implications on market value.

Differentiate the roles and rights of shareholders and debenture holders in a corporation.

Describe the restrictions on share transferability in closely held corporations.

---

Definitions:

Increased Yields

The result of agricultural practices that lead to a higher output of crops per area of cultivation.

Environmental Health

The branch of public health concerned with how environmental factors affect human health and quality of life.

Economic Profitability

A measure of the profitability of a venture after accounting for the full cost of capital, including both the cost of debt and the opportunity cost of equity.