Throughout History Which of Following Has Been True Regarding American

question 34

Multiple Choice

Throughout history which of following has been true regarding American federalism?

• A) Federalism has proven to be rigid and unchanging in the face of an ever-changing world.
• B) The role and powers of the federal government have evolved as undisputed.
• C) The powers of the state governments have become almost nonexistent in light of national government powers.
• D) Through several eras the pendulum has tended to swing between preferences for state versus federal powers and prerogatives.
• E) American federalism has become almost nonexistent.

---

Definitions:

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Merchandise Inventory Account

An account that records the value of goods that a retailer, wholesaler, or distributor has available for sale to customers at any given time.

Specific Identification

An inventory costing method where individual costs are assigned to specific items of inventory, often used for unique or high-value items.

Identical Units

Units of product that are the same in every aspect, often used in inventory management and costing methods.