Congress May Be Less Vigorous in Providing Oversight of the Modern

question 30

Multiple Choice

Congress may be less vigorous in providing oversight of the modern presidency if which of the following is true?

• A) The American public disapproves of the way Congress is doing their job
• B) The president and both chambers of Congress are controlled by the same political party
• C) The president is in his first 100 days in office
• D) Congress is taking part in the appropriations process

---

Definitions:

Bondholders

Individuals or institutions that hold debt securities issued by governments or corporations, entitling them to receive fixed interest payments.

Carrying Amount

The book value of assets and liabilities that are reported on the balance sheet; it's determined by the original cost minus any depreciation, amortization, or impairment costs.

Straight-Line Amortization

Straight-line amortization is a method of gradually reducing the cost of an intangible asset over its useful life in equal installments.

Bond Interest Expense

The cost incurred by an issuer of bonds for paying interest to bondholders.