Which of the Following Is NOT a Limit on the Power

question 24

Multiple Choice

Which of the following is NOT a limit on the power of the Brazilian presidency?

• A) Although the president is able to issue provisional measures, these are limited for sixty days, after which time, Congress must pass, reject, or allow the provisional legislation to continue.
• B) Although the president can initiate legislation, Congress can amend these proposals.
• C) Congress has the right to be consulted on executive appointments.
• D) Congress has oversight powers concerning economic policy.
• E) All of the president's appointments must be ratified by the Senate.

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Definitions:

Valuation Allowance Accounts

Accounts used to reduce the carrying value of assets to an amount that approximates their fair value, especially when it is impossible to realize the entry value.

Balance Sheet Accounts

Financial accounts that are reported in the balance sheet, including assets, liabilities, and equity accounts, representing a company's financial position at a specific point in time.

Trading Investments

Securities bought and held primarily for selling them in the near term to profit from their price fluctuations.

Other Comprehensive Income

A component of total comprehensive income that includes unrealized gains and losses affecting shareholders' equity not included in net income.