Which of the Following Statements Is True of the Due

question 45

Multiple Choice

Which of the following statements is true of the due process clause?

• A) It prevents individuals from acting in an unreasonable manner.
• B) It describes the principle of sovereignty of government organizations.
• C) It is stated in the Second Amendment of the U.S. Constitution.
• D) It does not prevent private corporations from acting in an arbitrary manner.
• E) It allows the government to condemn and take specific private resources for money under the power called eminent domain.

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Definitions:

Markup

Markup refers to the difference between the cost of a good or service and its selling price, expressed as a percentage of the cost.

Selling Price

The amount of money for which a product or service is sold to customers.

Skimming Pricing Strategy

A pricing strategy where a product is initially sold at a high price, which is gradually lowered to attract more price-sensitive customers.

Home Electronics

Electronic devices intended for everyday use in private homes, such as televisions, refrigerators, and microwaves.