What Is an Executive Order

question 88

Multiple Choice

What is an executive order?

• A) a formal document that explains why a president is signing a particular bill into law
• B) a formal agreement between the U.S. president and the leaders of other nations that requires approval by both houses of Congress
• C) a formal, public agreement between the United States and one or more nations that must be approved by two-third of the Senate
• D) a formal directive to executive branch departments and agencies that have the force of law
• E) degree formal agreement between the U.S. president and the leaders of other nations that does not require Senate approval

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Definitions:

Inventory Record

Documentation that tracks the quantity, location, and status of products throughout the supply chain from acquisition to sale.

Inventory Items

These are goods and materials held by a business for the purpose of resale or as inputs in the production process.

Net Sales

The revenue from sales transactions after deducting returns, allowances for damaged or missing goods, and discounts.

Multiple-Step

A method of preparing an income statement that separates operating revenues and expenses from non-operating ones, showing multiple levels of income calculation.