Which Statement Explains How the Cabinet Grows Larger as the United

question 57

Multiple Choice

Which statement explains how the cabinet grows larger as the United States expands?

• A)The Constitution must be amended.
• B)The president creates a new department with an executive order.
• C)Congress and the president agree to create and fund a new department.
• D)A cabinet secretary divides the department into two distinct departments.

---

Definitions:

Out-of-the-money

Describes an option that would not make money if it were exercised immediately because its strike price is not favorable compared to the current market price of the underlying asset.

Intrinsic Value

The perceived or calculated true value of an asset, investment, or company based on fundamental analysis rather than current market price.

Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices and no tendency for change.

Call

An options contract that gives the investor the right, but not the obligation, to buy a stock, bond, commodity, or other instrument at a specified price within a specific time period.