An Executive Memorandum Is a Device by Which the President

question 9

True/False

An executive memorandum is a device by which the president can act on his own without having to resort to the somewhat cumbersome process of going through Congress.

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Definitions:

Financing Activities

Transactions that result in changes in the size and composition of the equity and borrowings of an entity.

Marketable Securities

Financial instruments that are easily convertible into cash and are therefore considered very liquid.

Investing Activities

Components of cash flow statements that show the cash spent on or generated from investments in long-term assets and financial instruments.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and practices used in the preparation of financial statements in the United States.