In Practice, the Effect of the Supreme Court Ruling Against

question 70

Multiple Choice

In practice, the effect of the Supreme Court ruling against the legislative veto has been

• A) to end the use of the legislative veto.
• B) to force Congress to mark up a greater number of bills.
• C) to revise the wording of the legislative vetoes Congress uses.
• D) to restructure systematically the relationship between Congress and special interests.
• E) negligible.

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Definitions:

Book Value

The net value of a company's assets as shown on its balance sheet, calculated as total assets minus intangible assets and liabilities.

Equity Method

An accounting technique used to record an investment in another company, where the investment is initially recorded at cost and subsequently adjusted to reflect the investor's share of the net profit or loss of the investee.

Net Income

The total earnings of a company after subtracting all expenses from revenues, also known as the bottom line.

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and subsequently adjusted to reflect the investor's share of the investee's net income or loss.