The Elastic Clause Refers To

question 37

Multiple Choice

The elastic clause refers to:

• A) the power of Congress to make laws necessary for executing its members' enumerated powers.
• B) the broad delegation of executive power given to the president.
• C) the list of flexible powers given to Congress in Article I of the Constitution.
• D) the ability of Congress to regulate economic exchange between the states.
• E) the president's power as commander in chief.

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Definitions:

Long-Term Debt Ratio

The long-term debt ratio measures the proportion of a company's total debt that is due in more than one year, indicating the extent to which a company relies on long-term borrowing for its financing needs.

Total Debt

The sum of all owed money by an entity, including short-term and long-term liabilities.

Receivable Turnover

A financial ratio that measures how efficiently a company collects its accounts receivable.

Inventory Turnover

A measure indicating the frequency at which a company's inventory is sold and replenished within a certain timeframe, reflecting the effectiveness of its inventory control.