Which of the Following Describes the Reasoning Behind Congress Allowing

question 17

Multiple Choice

Which of the following describes the reasoning behind Congress allowing the president to lead on issues of foreign affairs and defense?

• A) The president has a monopoly of information on these issues via his Pentagon staffers
• B) Members of Congress do not want to defer to their colleagues on the foreign policy and defense committees thus resulting in gridlock on these issues
• C) Article II, Section 4 of the Constitution empowers the president to have broad lawmaking authority over issues of foreign policy
• D) The Supreme Court ruled that the president is the constitutional authority over these issues

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Definitions:

Cost-to-retail Percentage

A method used to estimate the ending inventory value under the retail inventory method, calculated by dividing the cost of goods available for sale by the retail price of the goods.

Employee Discounts

Reductions in price offered to employees of a company as a benefit or perk, which can apply to products or services offered by the employer.

Net Markups

The amount by which the cost of a product is increased to arrive at the selling price, after accounting for any discounts or additional charges.

Net Markdowns

The total decrease in the original selling prices of products, accounting for promotions or clearance sales, minus any markdown cancellations.