When a President Signs a Bill into Law He Often

question 22

Multiple Choice

When a president signs a bill into law he often includes a signing statement, which

• A) explains his reasons for vetoing the bill.
• B) explains his denial of congressional authority.
• C) explains his understanding of the law.
• D) explains his plans to pay for the law.

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Definitions:

Carrying Costs

The expenses associated with holding inventory, including storage, insurance, taxes, and opportunity costs.

Inventory Rises

An increase in the quantity of goods that a company holds, which could indicate either growing sales or overproduction.

Revolving Credit

Revolving credit is a flexible funding option where credit is automatically renewed as debts are paid off, up to a certain limit.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.