The Primary Source of Federal Power to Regulate Business Is

question 24

Multiple Choice

The primary source of federal power to regulate business is the

• A)Supremacy Clause.
• B)Commerce Clause.
• C)Contract Clause.
• D)Privilege and Immunities Clause.

---

Definitions:

Noncontrollable

Refers to expenses or influences that cannot be altered or changed by the management due to external constraints or fixed contract terms.

Flexible Budget

A budget that adjusts or varies with changes in the volume or activity level of a company.

Master Budget

A comprehensive financial planning document that consolidates all of the smaller budgets within a company into one overview, showing the total planned activities for an upcoming period.

Static Budgets

Fixed budgets that do not change in response to variations in business activity levels.