Which of the Following Is NOT True Concerning the Bill

question 48

Multiple Choice

Which of the following is NOT true concerning the Bill of Rights in our U.S. Constitution?

• A) The Bill of Rights was added as the first amendments to the Constitution after it was ratified by the states.
• B) Several prominent members of the Constitutional Convention, such as James Madison, actually opposed the Bill of Rights.
• C) Most states already had existing constitutions that enumerated the rights of the individual.
• D) The Bill of Rights was a prominent element of the new Constitution and it was written into the document early in the process.
• E) Several states at first refused to ratify the new Constitution because of its lack of a Bill of Rights.

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Definitions:

Deferral Method

An accounting practice where certain revenues or expenses are deferred to a future accounting period to better match revenues with expenses.

Deferred Contribution

Refers to contributions or payments that are postponed to a future date rather than being made immediately.

Net Assets

The total assets of a company or organization minus its total liabilities; an indicator of financial health.

Investment Income

Income generated from the allocation of funds into financial assets or properties expecting to gain profits.