Powers Derived from the Necessary and Proper Clause of Article

question 89

Multiple Choice

Powers derived from the necessary and proper clause of Article I,Section 8,of the Constitution are called

• A)surplus powers.
• B)essential powers.
• C)expressed powers.
• D)appropriate powers.
• E)implied powers.

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Definitions:

Goodwill

An intangible asset that arises when a company acquires another for a price higher than the fair value of its net assets, representing items such as brand reputation or customer loyalty.

Par Value

The nominal value designated by the issuer for a bond or stock, which doesn't reflect its actual market price.

Acquisition

The process by which one company takes over another company, either by purchasing its assets, shares, or both, to assume control.

Consolidated Net Income

The total net income of a parent company and its subsidiaries, after the elimination of intercompany transactions, reflecting the combined profitability of the entire corporate group.