Which of the Following Is True About the U

question 27

Multiple Choice

Which of the following is true about the U.S.Constitution?

• A)The president is elected directly by the people.
• B)The Constitution can be amended with a two-thirds majority vote of both houses of Congress and a ratification vote by three-fourths of the states.
• C)Federal judges are appointed for life by Congress.
• D)Senators are elected directly by the people for 10-year terms.

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Definitions:

Manufacturing Overhead Budget

An estimation of the costs that are not directly attributable to products but are necessary for the manufacturing process, including utilities, depreciation, and maintenance of equipment.

Non-Cash Charges

Expenses reported on the income statement that do not require an actual cash outflow, such as depreciation and amortization.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life.

Cash Disbursements

The outflow of cash for expenses, such as payments to creditors, operational costs, and investment activities.