Assignments to Committees Are ______

question 72

Multiple Choice

Assignments to committees are ______.

• A) chosen by the majority party
• B) drawn by lot, or chance
• C) irrelevant because the chair of a committee can override the appointments and remove any member
• D) made by party committees under firm control of senior party leaders and ratified by the party membership

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Definitions:

Secured Financing

Financing or a loan that is backed by collateral, reducing the risk for lenders and often resulting in more favorable terms for borrowers.

Article 9

A provision within the Uniform Commercial Code (UCC) that governs secured transactions involving personal property, creating a framework for securing debts and financing statements.

Equipment

Tangible property or tools that are used in the process of producing goods or providing services.

Bankruptcy Trustee

An appointed individual responsible for managing the estate of a debtor during bankruptcy proceedings, including assets distribution to creditors.