Under the Articles of Confederation

question 112

Multiple Choice

Under the Articles of Confederation

• A)the armed forces of the United States consisted of state militias.
• B)the Continental Congress had the power to levy taxes on citizens.
• C)the president was elected to four-year terms.
• D)states were prevented from discriminating against each other in the competition for foreign commerce.

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Definitions:

Investor

An individual or organization that allocates capital with the expectation of receiving financial returns, often through the purchase of securities, real estate, or other investment assets.

Investee

The entity in which an investor holds an interest, often evidenced through ownership of securities or equity.

Voting Common Stock

A class of stock that grants the holder the right to vote on corporate matters at shareholders' meetings.

Goodwill

An invisible asset that emerges when purchasing a business for a price that is above the fair valuation of its net identifiable assets.