A Continuing Resolution Is

question 144

Multiple Choice

A continuing resolution is:

• A)an agreement that requires Congress to balance the budget on an annual basis.
• B)an agreement that allows Congress to have too much control over the budgetary process.
• C)an agreement that allows agencies to spend at the rate of the previous year's budget.
• D)a decision made by congressional committee about the federal spending and revenue levels for five years.
• E)a guaranteed benefit for those who qualify for government transfer programs.

---

Definitions:

Shareholders

Individuals or entities that own shares in a corporation, reflecting a proportion of ownership in the company.

Corporate

Pertaining to a corporation, which is a legal entity recognized by law as separate from its owners and having its own rights, privileges, and liabilities.

Corporate Veil

A legal concept that separates the identity of a corporation from its shareholders, protecting them from being personally liable for the company's debts or legal obligations.

De Facto Corporation

A business that operates as a corporation without formal legal acknowledgment but is treated as such for some purposes.