The Seniority System Provides Which of the Following

question 4

Multiple Choice

The seniority system provides which of the following?

• A) Members are awarded additional committee assignments in line with their seniority.
• B) The committee member of the majority party with the longest continuous service normally becomes the committee chairperson.
• C) Members become party whips in order of seniority.
• D) Members of the House can be appointed to the Senate to fill vacancies.
• E) The Speaker of the House is the member of the majority party with the longest continuous service.

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Definitions:

Straight-Line Depreciation

A method of calculating the depreciation of an asset, distributing its cost evenly across its useful life.

Depreciable Cost

The cost of a fixed asset minus its estimated salvage value, which is the basis for calculating depreciation expense.

Useful Life

The expected period over which an asset is anticipated to be useful and productive for its intended purpose.

Residual Value

The estimated value that an asset will have at the end of its useful life, also known as salvage value.