Which of the Following Statements Best Describes the Impact of the Fourteenth

question 55

Multiple Choice

Which of the following statements best describes the impact of the Fourteenth Amendment?

• A)The Fourteenth Amendment forced state governments to abide by all of the provisions in the Bill of Rights.
• B)The Fourteenth Amendment had no effect on state governments because it was designed to apply only to the federal government.
• C)The Fourteenth Amendment forced state governments to abide by almost every provision in the Bill of Rights,but the process took over 100 years.
• D)The Fourteenth Amendment required states to abide by the First Amendment to the Constitution but not any of the other amendments to the Constitution.

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Definitions:

Capital Budgeting

The process by which a business evaluates and selects long-term investments that are worth more than their cost to achieve specific financial goals.

Straight-Line Depreciation

A method of calculating the depreciation of an asset, where the asset's cost is evenly spread over its useful life.

Yearly Depreciation

The accounting process of allocating the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear, and tear over time.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument back to their present value, thus helping to determine the potential value of an investment.