A Federal System That Returns Greater Responsibilities, Duties, and Funding

question 47

Multiple Choice

A federal system that returns greater responsibilities, duties, and funding to the states is called

• A) new federalism.
• B) new constitutionalism.
• C) cooperative federalism.
• D) dual federalism.

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Definitions:

Free Cash Flows

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Sole Proprietorship

A business owned by one individual.

Unlimited Liability

A legal obligation where the owners or partners of a business are personally responsible for all the debts of the business, without any limits on the amount for which they can be liable.

Transfer Ownership

The process of legally moving the rights and responsibilities of an asset or property from one entity or individual to another.