Powers Reserved to the Government to Regulate the Health, Safety

question 74

Multiple Choice

Powers reserved to the government to regulate the health, safety, and morals of its citizens are known as __________ powers.

• A)police
• B)implied
• C)essential
• D)concurrent
• E)nanny

---

Definitions:

Cash Flows

The total amount of money being transferred into and out of a business, especially considered in terms of liquidity.

Indirect Method

A technique for creating a statement of cash flows where net income is adjusted for non-cash transactions and changes in working capital.

Operating Activities

Operating activities refer to the day-to-day actions a business engages in that are directly related to its primary business purpose, including production, sales, and delivery of services.

Prepaid Expenses

Costs paid in advance for goods or services, which are recognized as an asset until the actual goods or services are received.