Which of the Following Statements About the House of Representatives

question 68

Multiple Choice

Which of the following statements about the House of Representatives and the Senate is true?

• A)The Senate and the House have the power to ratify treaties.
• B)The Senate and the House have the power to approve presidential appointments.
• C)The House has the power to overturn a president's veto, while the Senate does not.
• D)The House has the power to originate revenue bills, while the Senate does not.

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Definitions:

Inventory

The goods and materials a business holds for the ultimate purpose of resale or processing.

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

FIFO Method

An inventory valuation method where the first goods purchased are the first ones to be sold, "First In, First Out".

Days In Inventory

Days in inventory is a financial metric indicating how long it takes for a company to turn its inventory into sales.