The Main Function of the President's Cabinet Is to Do

question 4

Multiple Choice

The main function of the president's cabinet is to do which of the following?

• A) Draft the federal budget and submit it to Congress for approval
• B) Write federal regulations
• C) Provide information regarding proposed legislation by testifying before Congress
• D) Provide leadership in the event the president is unable to perform his duties
• E) Provide advice to the president to aid in decision making

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Definitions:

Investor

A person or organization that invests money anticipating financial gains in return.

Discount Rate

The interest rate used to determine the present value of future cash flows in discounted cash flow analysis.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Compounded Annually

The process by which interest is calculated on an investment or loan annually, with each year's interest added to the principal.