When Congress Delegated the Power to Write the Federal Budget

question 8

Multiple Choice

When Congress delegated the power to write the federal budget to the president members lost the ability to do which of the following?

• A) Amend the budget submitted by the president in any way
• B) Cut funding below the amounts dictated by the president
• C) Write their own version of the federal budget
• D) None of the above

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Definitions:

Franchising

A business practice in which a company allows another operator to trade under its brand in return for a fee or license.

Parent Company

A corporation that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors.

Contractual Arrangement

An agreement between entities to do or not do specific things, legally binding and enforceable.

Forward Integration

A business strategy where a company gains ownership or increased control over its distributors or retailers.