The Congressional Practice of "Ping Ponging" Occurs When

question 25

Multiple Choice

The congressional practice of "ping ponging" occurs when

• A)Congress passes a new version of a law that was previously struck down as unconstitutional by the federal judiciary.
• B)Congress passes a new version of a law that was previously vetoed by the president.
• C)there is a divided Congress and the House and Senate exchange amendments in order
• To reach agreement on the final version of a bill.
• D)a bill is passed in one house of Congress but not passed in the other.

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Definitions:

Ending Inventory

The total value of all inventory, including raw materials, work-in-progress, and finished goods, that a business has at the end of an accounting period.

FOB Shipping Point

FOB Shipping Point, or Free On Board Shipping Point, means that the buyer takes responsibility for shipping costs and liability once the goods leave the seller's premises.

Year-End Inventory

The total value of a company's inventory at the end of its fiscal year.

Consignee's Location

The address or place where goods are to be delivered, typically belonging to the person or entity that will receive the goods.