Which of the Following Is a Power Specifically Denied the States

question 86

Multiple Choice

Which of the following is a power specifically denied the states by the Constitution?

• A) conducting elections
• B) establishing local governments
• C) maintaining a militia
• D) providing for public health, safety, and morals
• E) regulating interstate commerce

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Definitions:

Non-Controlling Interest

The portion of equity in a subsidiary not attributable directly or indirectly to the parent company, also known as minority interest.

Voting Shares

Shares of stock that grant the holder the right to vote on corporate matters.

Cost Method

Accounting for investments where the investor does not exercise significant influence, recording the investment at initial cost and recognizing income only when dividends are received.

Unrealized Intercompany Gain

Profits recorded on the books resulting from transactions among subsidiaries that are not realized until sold to an external party.