The Only Cabinet Department Not Headed by a Secretary Is

question 38

Multiple Choice

The only cabinet department not headed by a secretary is

• A) Defense.
• B) State.
• C) Justice.
• D) Treasury.
• E) Interior.

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Definitions:

Bond Payable

A long-term liability account that represents a promise to pay a series of payments over time and repay the principal amount at maturity.

Bondholder

An investor or entity that owns bonds issued by corporations or governments, entitling them to receive the bond's face value at maturity, as well as periodic interest payments.

Evidence

Information or documentation used to support or verify entries in the accounting records or financial statements.

Unsecured Bonds

Bonds issued without collateral, relying solely on the issuer's creditworthiness.