Which of the Following Statements About the American Recovery and Reinvestment

question 2

Multiple Choice

Which of the following statements about the American Recovery and Reinvestment Act of 2009 is most accurate?

• A) The law was passed with widespread bipartisan support in Congress.
• B) No Republicans in the House and only three in the Senate voted to support the 2009 stimulus package.
• C) No Democrats in the House and only three in the Senate voted to support the 2009 stimulus package.
• D) The act was an executive order issued by President Obama without explicit congressional approval.

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Definitions:

Residual Income

The net income an investment or business venture generates above the minimum rate of return.

Minimum Required Rate

The lowest return rate that an investor or project manager would accept for an investment.

Residual Income

Income that remains after all costs and expenses, including minimum required return on investment, have been subtracted.

Operating Assets

Long-term assets used in the operations of a business, including property, plant, and equipment, that generate income.