In the Hobby Lobby Case, the Supreme Court Ruled That

question 102

Multiple Choice

In the Hobby Lobby case, the Supreme Court ruled that

• A)the state-based insurance exchanges set up under the Affordable Care Act were a violation of the Constitution's Tenth Amendment.
• B)state governments could opt out of the Affordable Care Act's Medicaid expansion without fear of losing their existing Medicaid funds.
• C)the "individual mandate" of the Affordable Care Act was unconstitutional.
• D)"closely held" corporations were exempt from provisions of federal law that violated their owners' religious beliefs.

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Definitions:

Assets

Resources owned or controlled by a business that are expected to bring future economic benefits.

Recorded

The act of documenting transactions or events in financial records or other types of logs.

Earned

Income, benefits, or rights obtained as a result of work or contribution.

Invoice

A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided.