How Is the Speaker of the House Determined

question 51

Multiple Choice

How is the Speaker of the House determined?

• A)The vice president of the United States is also Speaker of the House.
• B)The representative with the longest tenure in the House is the Speaker of the House.
• C)The elected leader of the majority party in the House is the Speaker.
• D)The president selects the Speaker of the House from the majority party in the House.

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Definitions:

Percentage of Net Sales

A financial ratio that represents certain expenses, liabilities, or profits as a percentage of the net sales, used to analyze the financial health and performance of a business.

Bad Debts

Amounts owed to a company that are considered uncollectible, typically due to the debtor's inability to pay.

Factoring Commissions

Factoring commissions are fees paid to a factor, or financial intermediary, for advancing funds to a business by purchasing its accounts receivable.

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered or used but not yet paid for.