Which of the Following Statements Is True of the President's

question 14

Multiple Choice

Which of the following statements is true of the president's veto power?

• A) If the president does not send a bill back to Congress after ten congressional working days, the bill is killed for that session of Congress.
• B) Congress can override a presidential veto with a two-thirds vote by the members present in each chamber.
• C) The president can override a congressional veto by a two-thirds majority vote from his or her political party.
• D) If the president signs a bill within ten congressional working days after the bill is submitted, the result is a pocket veto.
• E) The result of a presidential veto override by Congress is that the bill is reintroduced in the next session of Congress.

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Definitions:

Cost Classification

Cost Classification involves categorizing costs based on their characteristics, such as fixed vs variable costs, to facilitate financial analysis and management.

Mixed

In finance, this term could refer to an investment portfolio comprising various types of assets, aimed at diversifying risk.

Multiple

A financial metric used to compare a company's market value to its earnings, sales, or other financial measures, often indicating how much investors are willing to pay per dollar of earnings or assets.

Total Variable Costs

Total variable costs are expenses that vary directly with changes in production or sales volume, such as raw materials and labor costs tied to production levels.