Which of the Following Statements Is NOT True

question 7

Multiple Choice

Which of the following statements is NOT true?

• A) The term separation of powers refers to an organization of political institutions within a state in which the executive, legislature, and judiciary have autonomous powers and no one branch dominates the others.
• B) The separation of powers is common in presidential systems.
• C) The separation of powers in the United States means that, compared to other democracies, the country may be unable to react quickly to societal needs and shifts in public opinion.
• D) The separation of powers refers to the organization of the federal bureaucracy so that there is no overlap of authority on issues among agencies.
• E) Parliamentary systems do not have separation of powers; they instead have fusion of powers.

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Definitions:

Profit

The financial gain realized when the revenues generated from business activities exceed the expenses and costs associated with operating the business.

Unrealised Profit

Profits that have been earned but not yet realized through a transaction, such as an increase in the value of an investment that has not been sold.

Partial Goodwill Method

A method of accounting for a business combination where goodwill is only recorded in relation to the parent's share of ownership in the subsidiary.

NCI

Non-controlling interest (NCI) refers to the portion of equity interest in a subsidiary not owned directly or indirectly by the parent company.