Review of All Executive Branch Testimony, Reports, and Draft Legislation

question 64

Multiple Choice

Review of all executive branch testimony, reports, and draft legislation by the Office of Management and Budget to ensure that each communication to Congress is in accordance with the president's program is called

• A)central clearance.
• B)uncontrollable spending.
• C)entitlement program.
• D)police patrol oversight.
• E)fire alarm oversight.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time.

Average Operating Assets

The average value of assets used in the normal operation of a business, calculated over a specific period.

Net Operating Income

Net Operating Income is the total profit of a company after operating expenses are subtracted from operating revenues, excluding non-operating costs.

Residual Income

Income that remains after all operating expenses and costs of capital have been deducted from net operating income.