The Chief Obstacle to Ratification of the Constitution by the States

question 23

Multiple Choice

The chief obstacle to ratification of the Constitution by the states was

• A)the power it granted to tax.
• B)the omission of a bill of rights.
• C)its failure to abolish slavery.
• D)the lack of court structure below the Supreme Court.
• E)inclusion of the plural executive.

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Definitions:

Net Income

Profit remaining after all expenses, taxes, and deductions have been subtracted from total revenue.

Accounts Receivable

Accounts receivable are the amounts owed to a company by its customers for goods or services delivered but not yet paid for.

Net Sales

Revenue from sales transactions after deducting returns, allowances for damaged or missing goods, and discounts.

Working Capital Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with its short-term assets, indicating liquidity.