Because of the Elastic Clause, Congress Exercises a ________ Scope

question 45

Multiple Choice

Because of the elastic clause, Congress exercises a ________ scope of authority.

• A) broad
• B) reasonable
• C) limited
• D) restricted
• E) tenuous

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Definitions:

Current Liability

A company's financial obligations that are due within one year or within the normal operating cycle, including accounts payable and short-term loans.

Current Liability

An obligation that is due to be paid within one year or within the normal operating cycle of the business, whichever is longer.

Expenses

The outflows or using up of assets as part of operations of a business to generate revenue.

Sales Tax Revenue

The income received by a government from the imposition of a tax on the sale of goods and services.