Which of the Following Is True of the Commerce Clause

question 7

Multiple Choice

Which of the following is true of the Commerce Clause in present times?

• A)It has become a federal power with an extensive regulatory reach.
• B)It no longer blocks state regulations that hinder interstate commerce.
• C)It has been preempted by the federal taxing and spending powers.
• D)It allows Congress to regulate interstate commerce but not intrastate activities affecting it.

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Definitions:

Current Ratio

A liquidity ratio that measures a company’s ability to pay short-term obligations with its current assets.

Current Liabilities

Short-term financial obligations that a company is required to pay within one year.

Acid-Test Ratio

A financial metric used to determine a company's short-term liquidity position by calculating the ratio of its most liquid assets to its current liabilities.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest of the shareholders.