Which of the Following Government Bodies Does NOT Participate Directly

question 77

Multiple Choice

Which of the following government bodies does NOT participate directly in formulating U.S. fiscal policy?

• A) the President and his cabinet
• B) the Federal Reserve Board
• C) the House of Representatives
• D) the Senate

---

Definitions:

Departmental Income Statements

Financial reports that show the revenue, expenses, and profit of individual departments within a company.

Department Viability

An assessment of a department’s ability to continue operating effectively, often considering its financial performance and strategic fit within an organization.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits or losses over a specific period.

Departmental Contribution Margin

Departmental Contribution Margin refers to the contribution margin as calculated for specific departments within a company, showing the profit contribution of each department.