Which of the Following Is NOT a Function of State

question 2

Multiple Choice

Which of the following is NOT a function of state constitutions?

• A) to create political institutions and explain what their powers are
• B) to prevent concentrations of too much power in one office, through a series of checks and balances
• C) to set the proper tax rates for state and county authorities
• D) to forbid certain government actions by establishing civil liberties
• E) to establish the basic rules and guidelines for state governments to operate

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Definitions:

Renegotiate Covenants

The act of revising the terms of a loan or bond agreement, often to relax or tighten restrictions on the borrower.

New Accounting Standard

An updated or new rule set by accounting standards bodies that governs the preparation and reporting of financial statements.

Events of Default

Specific conditions or occurrences that trigger a breach of contractual obligations.

Loan Agreement

A legal contract between a borrower and a lender outlining the terms and conditions of a loan.