What Is the Relationship Between Local State Governments and the Larger

question 2

Multiple Choice

What is the relationship between local state governments and the larger national government in Nigeria?

• A)State governments must agree on and approve the president, who in turn assumes most of the executive power of the national government.
• B)Block voting by state governments in the legislature's upper house have allowed state coalitions to capture the legislative process on some occasions.
• C)Several state governments remain in a state of open rebellion against national policymaking.
• D)State governments have received advanced devolution of power in recent decades, taking over a lot of the administration of local natural resources.
• E)State governments have little autonomy and are mainly recipients of patronage from central government officials.

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Definitions:

Inventory

The goods and materials that a business holds for the ultimate goal of resale or processing.

Liquidity

Refers to the ease with which an asset can be converted into cash without affecting its market price.

Capital Structure

The specific mixture of debt and equity used by a firm to finance its overall operations and growth.

Liquid Assets

Assets that can be quickly and easily converted into cash without significant loss in value.