In Order to Secure Ratification of a Treaty, the President

question 52

Multiple Choice

In order to secure ratification of a treaty, the president must gain the approval of

• A) two-thirds of the Senate.
• B) two-thirds of the House.
• C) two-thirds of both chambers of Congress.
• D) a simple majority of senators.
• E) a simple majority of members of both chambers.

---

Definitions:

Total Cost Concept

An approach in accounting that considers all costs related to the production of a product, including direct, indirect, fixed, and variable costs.

Rate of Return

The Rate of Return (RoR) is a financial metric used to measure the profitability of an investment, representing the percentage of profit or loss relative to the investment's original cost.

Variable Direct Materials Cost

Refers to the fluctuating cost of raw materials that directly goes into producing a product, changing as the volume of production varies.

Contribution Margin

The amount by which the sale of a product exceeds its variable costs, contributing to covering fixed costs and generating profit.