How Is the Speaker of the Texas House of Representatives

question 57

Multiple Choice

How is the Speaker of the Texas House of Representatives chosen?

• A) The Speaker is elected in a statewide election.
• B) The Speaker is the most senior representative in the House.
• C) The Speaker is the most senior representative from the majority party.
• D) The Speaker is elected by members of the House.

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Definitions:

Credit Sales

Sales made by a business where payment is delayed, allowing the customer to purchase goods or services on account.

Accrual Basis

The Accrual Basis of accounting records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.

Rent Expense

The cost incurred from leasing a space, property, or equipment for business operations or personal use over a specified time period.

Prepaid Rent

A payment made for rent before it is due, recorded as an asset on the balance sheet and expensed over the period of use.