The Tenth Amendment to the U

question 93

Multiple Choice

The Tenth Amendment to the U.S.Constitution states that the powers the Constitution does not delegate to the national government or to the states are

• A)reserved to the states or to the people.
• B)reserved for county and municipal governments.
• C)not to be exercised by any governmental authority.
• D)to be exercised only through specific legislation passed by Congress.
• E)relatively few and rarely exercised.

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Definitions:

Annual Cash Inflows

The total amount of money received by a company within one year from its various operational and financial activities.

Oil Production

The extraction of crude oil from the earth, which is later refined and used in the production of various energy products and other materials.

Opportunity Cost

The sacrifice of potential gains that could have been obtained from unchosen options.

Cost of Capital

The required return necessary to make a capital budgeting project, such as building a new factory, worthwhile.