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What is the federal system of checks and balances?
How would you apply such a system to a business function?
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The system of checks and balances is a basic feature of the United States government. The mechanism of checks can be seen through five basic institutional features of the system.
The first check comes from the fact that different branches of the government have overlapping authority, so each branch can act as a limit on the other. A second check comes from the division of power within the legislative branch. Each house of Congress provides a check against the other, because both must agree on the exact wording in a bill in order to pass …
