Which of the Following Is the Best Definition of a Confederation

question 48

Multiple Choice

Which of the following is the best definition of a confederation?

• A) a system of government in which states maintain their sovereignty
• B) a system of government in which all political power granted by the people is clearly expressed in a constitution, making a written bill of rights unnecessary
• C) a system of government in which the national government has extensive powers over the states
• D) a system of government that permits slavery
• E) a system of government in which powers are balanced evenly between the federal government and the states

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Definitions:

Average Operating Assets

The average value of assets used by a company in its operational activities, calculated over a certain period of time for analysis of performance efficiency.

Residual Income

The income that remains after subtracting all required costs of capital from the operating income; a measure of net profitability.

Minimum Required Rate of Return

The least return expected by investors for assuming the risk of investing in a project or security.

Performance of Divisions

Evaluation of the efficiency, productivity, and profitability of different segments or units within an organization, often used for internal assessment and strategy formulation.