What Is One of the Reasons That Power and Responsibility

question 62

Multiple Choice

What is one of the reasons that power and responsibility of the presidency has grown since the early presidency?

• A) The United States became a world power.
• B) The United States became a simple free market economy.
• C) The President's role increased, so the role of government could decrease.
• D) The more contemporary presidents had to exercise their powers as commander in chief while earlier presidents did not.
• E) The budget for government agencies has decreased leaving more responsibility to the president.

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Definitions:

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Franchise Contract

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Noncontrolling Interest

Noncontrolling interest is the portion of equity in a subsidiary not attributable, directly or indirectly, to a parent company, which is reported in the consolidated financial statements of the parent company.

Accrual-based Net Income

A measure of an entity's financial performance that includes both cash and non-cash transactions during a reporting period.