In the Supreme Court's view, the "Necessary and Proper" Clause:

A) authorizes Congress to legislate only in areas mentioned in the list of enumerated powers.
B) enables Congress to legislate in areas not mentioned in the list of enumerated powers as long as such legislation reasonably relates to some enumerated power.
C) extends "state action" to action taken by private citizens whenever such interpretation is necessary to protect a fundamental right.
D) restricts state regulations that obstruct interstate commerce.


B

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________ is the ability of the survey mode to reach the units specified in the sample effectively and efficiently

A) Social desirability B) Interviewer bias C) Nonresponse bias D) Efficiency effect E) Sample control

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In 2016, the Puerto Rios Company received insurance proceeds of $300,000 payable upon the death of its previous top executive officer. For financial reporting purposes, Puerto Rios included the $300,000 in pretax accounting income. The life insurance proceeds are exempt from income taxes. Assuming an income tax rate of 35%, what should Puerto Rios report for this event as deferred income taxes in the 2016 income statement of ?

A. $0 B. $105,000 deferred tax asset C. $105,000 deferred tax liability D. $195,000 deferred tax liability

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Diversification benefits an investor by

A) increasing wealth. B) increasing expected return. C) reducing risk. D) increasing liquidity.

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Magnetic media include a. computer faxed documents. b. aperture cards

c. microfilm. d. magnetic disks and tapes.

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