Inherent Presidential Powers

question 70

Multiple Choice

Inherent presidential powers

• A) depend on the statement in the Constitution that "the executive Power shall be vested in a President" and that the president should "take care that laws be faithfully executed."
• B) are sometimes called expressed powers.
• C) are powers that come from statues or laws passed by Congress.
• D) include the power to veto legislation.
• E) Options A and C are true.

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Definitions:

Inventory Turnover Ratio

A measure of how quickly a company sells its inventory within a given period, calculated by dividing the cost of goods sold by the average inventory.

Credit Sales

Sales made by a business allowing the customer to pay at a later date, often tracked through accounts receivable.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations using its current assets.

Short-Term Note Payable

A debt obligation due within one year or within the normal operating cycle of the business, used to finance short-term financing needs.