What Happens When the House of Representatives and the Senate

question 71

Multiple Choice

What happens when the House of Representatives and the Senate pass different versions of the same bill?

• A) Both versions are sent to the president, who can decide which one to sign.
• B) The bill is vetoed automatically by the president.
• C) The bill has to be referred back to standing committees.
• D) A conference committee is formed.

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Definitions:

Intangible Assets

Refers to non-physical assets that have value, such as patents, trademarks, goodwill, and copyrights.

Finite Life

Refers to assets or investments that have a defined time period over which they are expected to generate returns or be useful.

Amortize

The process of paying off a debt over time through regular payments, which can include portions of both principal and interest.

Tangible Assets

Physical assets that can be seen and touched, such as machinery, buildings, and inventory.