Which of the Following Statements Is True

question 116

Multiple Choice

Which of the following statements is true?

• A)The budget is not affected by unanticipated economic events such as recessions.
• B)The budget is not affected by unanticipated wars and natural disasters.
• C)Changes in spending programs can be made throughout the fiscal year.
• D)Congress seldom modifies the president's budget proposal.
• E)Congress cannot modify the budget once it is enacted.

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the management and make strategic decisions for a corporation.

Shareholder Rights

The entitlements granted to shareholders of a corporation, including the right to vote on corporate matters, receive dividends, and share in the assets upon dissolution.

Proposed Merger

A plan or offer to combine two or more companies into one entity, subject to approval by regulators and shareholders.

Common Shareholder

An individual or entity that owns shares in a company, granting them ownership equity and usually voting rights.