The First Step Toward Positions of Higher Leadership in the House

question 50

Multiple Choice

The first step toward positions of higher leadership in the House is usually which of the following?

• A) Committee chairman
• B) Minority leader
• C) Majority leader
• D) President pro tempore of the House
• E) Whip

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Definitions:

Residual Income

The income that remains after deducting all required costs of capital from the net operating income.

Investment Centers

Divisions or units within an organization that are responsible for both generating revenue and controlling costs, thus having an impact on the investment returns.

Return On Investment

A measure of the profitability of an investment, calculated as the net profit from the investment divided by the cost of the investment.

Residual Income

The amount of income that an individual or business has after all personal debts and expenses, including the cost capital, have been paid.