When the President Takes No Action on a Bill for Over

question 59

Multiple Choice

When the president takes no action on a bill for over 10 days, and Congress is in session, what happens to the bill?

• A) It dies, since the president has vetoed it in effect.
• B) It passes, only without express presidential approval via a signature.
• C) The bill passes after the executive and Congress iron out differences over the legislation.
• D) It survives, but Congress must reconsider it in the context of presidential statements on the legislation.

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Definitions:

Credit Sales

Sales in which revenue is recognized at the point of sale but payment is deferred.

Accounts Receivable

Amounts owed to a company by customers for goods or services that have been delivered but not yet paid for.

Credit Card Expense

Expenses incurred through the use of a credit card, including purchases, interest charges, and other fees.

Net Sales

Net Sales are the revenue from the sale of goods or services minus returns, allowances for damaged or missing goods, and discounts.