Which of the Following Is True About a Unitary System

question 17

Multiple Choice

Which of the following is true about a unitary system of government? 

• A) It is well suited for a country that is geographically large in size.​ 
• B) The sovereign states are joined together by a central government that has only limited powers over them. 
• C) It involves a system of shared sovereignty between two levels of government. 
• D) It has state governments that work as separate units under the national government. 
• E) The local governments exercise only those powers given to them by the central government.

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Definitions:

Gain on Sale

The financial profit realized from the sale of an asset, which exceeds its purchase price.

Available-for-Sale Securities

Financial assets that are not classified as held-to-maturity or trading securities, and can be sold in the short-term to meet liquidity needs.

Security Investments

Investments in tradable financial assets such as stocks, bonds, or other securities aiming for capital appreciation or income generation.

Fair Value

An estimation of the price at which an asset would change hands between willing parties, neither under compulsion to buy nor sell, and both having reasonable knowledge of relevant facts.