Powers Explicitly Delegated to the Congress Under Article I of the U.S

question 26

Multiple Choice

Powers explicitly delegated to the Congress under Article I of the U.S. Constitution are referred to as

• A) enumerated powers.
• B) reserved powers.
• C) concurrent powers.
• D) federal powers.
• E) constituent powers.

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Definitions:

Shareholders' Equity

Shareholders' equity represents the residual interest in the assets of a corporation after deducting its liabilities, indicating the ownership interest of the shareholders.

2-For-1 Stock Split

A corporate action where a company doubles its number of outstanding shares, halving the stock price, effectively giving shareholders two shares for every one they owned.

Cancellation

The act of nullifying or terminating a previously established agreement or contract.

Legal

Pertaining to laws or the practice of law; conforming to the law or based upon the law.