In 2010,the Republican Party Was Able to Retake Majority Control

question 59

Multiple Choice

In 2010,the Republican Party was able to retake majority control of the U.S.House of Representatives due to anger toward President Barack Obama and the recent passage of the Affordable Care Act.With majority control of the House,Republicans were able to pass a repeal of the Affordable Care Act,yet the Act remains law due to continued support in the Senate and the executive branch.The failure to overturn the Affordable Care Act reflects which component of the Constitution?

• A)separation of powers
• B)Bill of Rights
• C)federalism
• D)necessary and proper clause
• E)judicial review

Understand the features and benefits of disability income policies and the importance of choosing the right policy.

Identify the differences between Medicare and Medicaid in terms of coverage, eligibility, and financing.

Recognize the importance of preventive services and the disadvantages of seeking routine care at emergency departments.

Understand the importance and basics of ISO 9000 standards in the global business context.

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Definitions:

Variable Cost

Costs that vary in total in direct proportion to changes in the level of activity or production volume.

Differentiates

Distinguishes or separates entities or products by characteristics, qualities, or features, making them distinctive or unique in the market.

Opportunity Cost

The price paid for missing out on the alternative that ranks second best when deciding.

Excess Capacity

Refers to a situation where a company has more production ability than is necessary for the current level of demand.