With Which Governing Institution Is the Process of Creating and Passing

question 18

Multiple Choice

With which governing institution is the process of creating and passing of the federal budget in the United States initiated?

• A) the Presidency
• B) the Congressional Budget Office
• C) the House of Representatives
• D) the Senate

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Definitions:

Incorporator

An individual or entity that establishes and files the legal documentation required to form and register a corporation.

Articles of Incorporation

A document filed with a state government to legally document the creation of a corporation.

Corporation

A legal entity that is separate and distinct from its owners, which can enter into contracts, own assets, sue and be sued.

Piercing the Corporate Veil

A legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders or directors.