What Happened to the Hart-Rudman Commission

question 39

Multiple Choice

What happened to the Hart-Rudman commission?

• A) The commission found that few security holes were present and was later blamed for not warning anyone about 9/11.
• B) As is often the case in Washington when faced with difficult problems, the commission was created, studied the issues and made recommendations that then died.
• C) They recommended the PATRIOT Act, but the bill was extremely unpopular until after 9/11.
• D) They found a few reforms to make and these reforms were implemented, but they did not go far enough.

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Definitions:

Fixed Costs

Expenses that do not change with variations in the level of output or sales, such as rent, salaries, and insurance.

Variable Cost

Expenses that change in direct relation to production levels or sales figures.

Depreciation Expense

The methodical distribution of the expense of a physical asset throughout its expected lifespan.

Net Income

Net income is the total profit of a company after all expenses and taxes have been deducted from revenues, indicating the company's financial performance over a specific period.