What Are Some of the Major Means Congress Has to Oversee

question 8

Essay

What are some of the major means Congress has to oversee the executive branch? Which of these seem to be most and least effective in the modern Congress? Overall, is the oversight process effective?

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Definitions:

Variable Cost

Costs that change in proportion to the level of production or activity.

Operating Leverage

Refers to the extent to which fixed costs are used in a company's operations; high operating leverage means a larger proportion of fixed costs, leading to greater potential for profit variability with changes in sales volume.

Pretax Net Income

The amount of income that a company has earned before any taxes have been deducted.

CVP Analysis

Cost-Volume-Profit Analysis, a financial tool used to determine how changes in cost and volume affect a company's operating income and net income.