A System of Government in Which Power Is Divided Between

question 61

Multiple Choice

A system of government in which power is divided between a central authority and constituent political subunits is called a(n)

• A) state system.
• B) federal system, or federated system.
• C) dual system.
• D) democracy.
• E) national system.

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Definitions:

Current Assets

Short-term assets that are expected to be converted into cash, sold, or consumed within one year or the business's operating cycle, whichever is longer.

Merchandise Inventory

Goods and products that a retail business holds in stock with the intention of selling them to customers.

Current Liabilities

Short-term financial obligations that are due within one year or within a normal operating cycle.

Debt-to-equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets, key in assessing financial leverage.