The Two Major Functions of Congress Are

question 55

Multiple Choice

The two major functions of Congress are

• A)taxing and spending.
• B)overseeing and reporting.
• C)legislating and representing.
• D)bickering and brokering.
• E)being elected and being reelected.

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Definitions:

Net Income

Represents a company's total earnings, reflecting the amount of revenue that remains after all operating expenses, taxes, and preferred stock dividends have been deducted.

Interest Expense

The cost incurred by an entity for borrowed funds, often expressed as a periodic payment of interest on debt.

Unlevered Cost

The cost of funding a project or investment without taking into account the effects of leverage, reflecting the cost of equity.

Pre-Tax Cost

The cost of an investment or expense before the deduction of taxes, often used to compare the fiscal efficiency of different financial decisions.