Which of the Following Allows the Governor to Reduce the Amount

question 1

Multiple Choice

Which of the following allows the governor to reduce the amount that is authorized to be spent on a budget item on appropriation bills?

• A)Reduction veto
• B)Appropriations veto
• C)Amendatory veto
• D)Authorization veto

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Definitions:

Notes Payable

Financial obligations represented by formal written agreements to pay specified amounts at determined future dates.

Salaries and Wages Payable

Salaries and wages payable are current liabilities recorded on a company's balance sheet, representing the amount owed to employees for work performed that has not yet been paid.

Taxes Payable

Liabilities owed to government entities, representing taxes due to be paid by individuals or organizations.

Property Plant and Equipment

Long-term tangible assets held for business use and not expected to be converted to cash in the upcoming year.