What Distinction Can Be Made Between a Joint Committee and a Select

question 27

Multiple Choice

What distinction can be made between a joint committee and a select committee?

• A) A joint committee can report legislation, while a select committee cannot.
• B) A joint committee is investigative in nature, whereas a select committee is not.
• C) A joint committee is temporary, while a select committee is permanent.
• D) A joint committee focuses on broad policy area, while a select committee has a narrower focus.

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Definitions:

Cash Dividend

A payment made by a company out of its earnings to its shareholders in cash.

Financing Activities

Transactions that involve raising funds to finance the company's operations and repaying debt; part of a firm's financial operations detailed on the statement of cash flows.

Principal Repayment

The portion of a loan payment that goes toward reducing the original amount borrowed, not including interest.

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of a company.