Only the States Have the Powers to Create Schools and Local

question 28

Multiple Choice

Only the states have the powers to create schools and local governments.These powers exemplify ________.

• A)concurrent powers
• B)reserve powers
• C)implied powers
• D)inherent powers
• E)powers to maintain national security

---

Definitions:

Capital Budgeting

The process of evaluating and selecting long-term investments that are in alignment with the goal of shareholders' wealth maximization.

Renovation Expense

Costs associated with updating or improving a property or facility.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in an equal amount per period.

Income Tax Expense

The cost incurred by a business or individual due to income tax, reflected as an expense on the income statement.