By Law, the ________ Is Required to Submit a Budget

question 69

Multiple Choice

By law, the ________ is required to submit a budget to Congress by the first Monday in February.

• A) Speaker of the House
• B) secretary of the Treasury
• C) director of the Congressional Budget Office
• D) chair of the Senate Budget Committee
• E) president

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Definitions:

Top Executives

Individuals holding senior management positions within a company, responsible for overseeing its operations and strategic direction.

Stewardship Function

Stewardship Function refers to the responsibility of managing and protecting the assets and resources of an organization, ensuring their efficient and effective use.

Faithful Representation

A principle of accounting that requires financial statements to accurately reflect the economic events that they represent.

Executive Compensation

The financial payments and other benefits provided to high-level management in a corporation, which may include salary, bonuses, stock options, and other perks.