The Elastic Clause in Article I of the Constitution Created

question 88

Multiple Choice

The elastic clause in Article I of the Constitution created a situation in which Congress

• A) took a lead role in the early American constitutional system.
• B) was limited in its powers.
• C) had a small set of specific powers that guided its actions in early America.
• D) is no longer relevant in the policy-making process.

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Definitions:

Cash Management

The process of collecting, managing, and investing a company's cash flows in a way that maximizes liquidity and profitability.

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell it, and convert the sale into cash through customer payments.

Bank Overdraft

A facility allowing a bank account holder to withdraw more money than is actually available in their account, typically subject to interest charges.

Current Liability

Financial obligations that are due within one year or within the normal operating cycle of a business.