After a Bill Has Been Introduced and Referred to a Committee

question 4

Multiple Choice

After a bill has been introduced and referred to a committee, the committee

• A) to which it has been referred is required to pass the bill on to the entire house.
• B) is not allowed to make changes in the wording of the bill.
• C) may hold hearings and discussions to explore the merits of the bill.
• D) may give some bills to a subcommittee, although the Constitution requires that subcommittee involvement in legislation not exceed 25 percent of the total congressional workload.
• E) is required by the Constitution to consult with the president of the United States or the president's officially designated legislative liaison.

Recognize the composition and importance of a financial statement analysis report including its key sections like executive summary, analysis overview, and assumptions.

Distinguish between internal and external users of financial information and their respective needs.

Understand the concept of horizontal and vertical analysis for comparing financial condition and performance over time or against a base amount.

Grasp the foundation of financial reporting as a tool for communicating useful decision-making information.

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Definitions:

Influenza

A highly contagious viral infection of the respiratory passages causing fever, severe aching, and catarrh, and often occurring in epidemics.

Microorganism

A microscopic organism, such as a bacteria, virus, or fungus, that can only be seen under a microscope.

Chloroplasts

Organelles found in the cells of green plants and photosynthetic algae that conduct photosynthesis.

Classifications

Systems of categorizing or organizing items into groups based on shared characteristics or criteria.