The House Majority Leader Has Little Importance or Responsibility to Its

question 48

True/False

The House majority leader has little importance or responsibility to its party.

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Definitions:

Ownership Transferable

A characteristic of property rights or shares that allows them to be passed from one individual or entity to another.

Limited Liability Company

An enterprise structure that fuses the tax handling advantages of partnerships or sole proprietorships with the limited liability feature of corporations.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders. Corporations enjoy many of the rights and responsibilities that individuals possess.

Corporate Double Taxation

A tax principle where a corporation's income is taxed at both the corporate level and again as shareholder dividends at the personal level.