Under the Articles of Confederation the Number of Votes for Each

question 4

Multiple Choice

Under the Articles of Confederation the number of votes for each state in the Continental Congress was determined by __________.

• A) the population of the state
• B) a pro-rated formula that took into account population and taxes paid
• C) the method of one vote for each state delegation regardless of population
• D) a system whereby northern states had two votes whereas southern states had one vote
• E) the president

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Definitions:

Net Operating Income

Net Operating Income is the total revenue from operations minus operating expenses, excluding taxes and interest. It highlights a company's operational efficiency.

Revenue And Spending Variances

The differences between budgeted and actual figures for revenue and expenditures, used in budgetary control and financial analysis.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, often used to compare with actual results to assess performance.

Revenue Variance

The difference between actual revenue earned and the expected or budgeted revenue, indicating performance relative to financial projections.