One Drawback of Devolution Is That

question 18

Multiple Choice

One drawback of devolution is that

• A) the standards associated with particular programs become increasingly rigid and hard to enforce.
• B) the standards associated with particular programs become increasingly variable between states.
• C) Congress is removed completely from the United States' foreign policy process.
• D) programs become much more difficult to budget.
• E) states have a much harder time implementing programs than the federal government does.

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Definitions:

Prepaid Expenses

Payments made in advance for goods or services to be received in the future, considered an asset on the balance sheet until utilized.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing the ownership's value in the business.

Major Account Groups

Categories used in financial accounting to organize and summarize the financial activities of a business.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company assets.