Which Two Sets of Powers Do State Governments Have

question 63

Multiple Choice

Which two sets of powers do state governments have?

• A) Enumerated and expressed powers
• B) Reserved and concurrent powers
• C) Direct and inherent powers
• D) Expressed and implied
• E) None of the above is true.

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Definitions:

Variance Report

A document that compares actual financial performance to budgeted or planned financial performance, identifying differences.

Overhead Controllable Variance

The difference between the actual and budgeted overhead costs that management has control over, indicative of operational efficiency.

Overhead Volume Variance

The difference between the budgeted manufacturing overhead for the actual production volume and the actual manufacturing overhead incurred.

Two-Variance Analysis

An analytical technique in managerial accounting where variances between expected and actual performance are divided into a volume variance and a rate or efficiency variance.