As a Bill Comes to the Floor of the House

question 2

Multiple Choice

As a bill comes to the floor of the House of Representatives for a vote, it passes through the Rules Committee. A bill that is presented to the floor with a closed rule means ________________________________.

• A) that House members may vote only once on the bill
• B) that only members of the majority party may vote on the bill
• C) that House members are severely limited in their ability to amend the bill
• D) that House members may offer amendments to the bill
• E) that the president cannot veto the bill

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Definitions:

Owner's Equity Statement

A financial statement showing the changes in the equity of a business entity over a period of time.

Revenues

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.

Monetary Unit Assumption

An accounting principle that assumes transactions and events can be expressed in monetary units.