What Is the Best Explanation for Why Congress Bears Ultimate

question 38

Multiple Choice

What is the best explanation for why Congress bears ultimate responsibility in lawmaking?

• A) The Supreme Court cannot rule congressionally generated laws unconstitutional.
• B) The president cannot be trusted to make wise decisions.
• C) The bureaucracy cannot make decisions.
• D) The creation of laws occurs within Congress.
• E) The veto override ability of Congress is guaranteed to work.

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Definitions:

Master Budget

A comprehensive financial plan that combines all of the individual budgets related to sales, costs, expenses, assets, and liabilities.

Merchandise Purchases Budget

A financial plan detailing the amount of goods that a retail or wholesale company plans to buy over a certain period to meet anticipated sales.

Cash Budget

A financial plan that estimates cash flows over a specified period, helping businesses manage their cash resources effectively.

General and Administrative Expense Budget

A financial plan that estimates the costs associated with the day-to-day operations of running a business excluding production costs.