Explain the Process by Which Legislation Is Drafted and Becomes

question 47

Essay

Explain the process by which legislation is drafted and becomes law. What role do different groups, formal and informal, inside Congress and out, play in the process? Why is the procedure so complicated? What are the drawbacks and advantages of this procedure? Should the legislative process be streamlined?

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Definitions:

Finished Goods

Items that have finished being manufactured and are prepared to be offered to consumers.

Manufacturing Cost

The total expense involved in the production of goods, including labor, materials, and overhead costs.

Finished Goods Inventory

The portion of inventory that has completed the production process and is ready for sale.

Work-In-Process Inventory

The value of inventory that has started the production process but is not yet completed.