Governors of the Fed Often Do Not Serve Their Full

question 34

Multiple Choice

Governors of the Fed often do not serve their full fourteen-year terms because

• A)they are removed by the President.
• B)they are removed by Congress.
• C)a new President takes office and they are compelled to resign.
• D)they can earn higher incomes in private business.

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Definitions:

Administrative Expenses

Overheads and expenses associated with the general operation of a business.

Client-Visits

Refers to the occasions on which a service provider or salesperson visits clients at their location to build relationships, offer support, or close sales.

Planning Budget

A budget designed for a particular level of activity, often used for planning and forecasting purposes.

Direct Labor

Factory labor costs that can be easily traced to individual units of product. Also called touch labor.