A Sole Executive Agreement Is a

question 15

Multiple Choice

A sole executive agreement is a

• A)formal contract negotiated by a state governor and the president that requires the Senate's approval.
• B)treaty negotiated by the Senate and a foreign state that requires the president's approval.
• C)formal contract between the United States and a foreign state that is approved by a vote in the House of Representatives.
• D)simple understanding between the president and a foreign state that is not submitted to Congress for approval.

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Definitions:

Accrued Expense

An accounting term for expenses that have been incurred but not yet paid, representing a company's obligation to make future payments.

Contra Account

An account in the general ledger that is used to reduce the value of a related account when the two are netted together.

Associated Account

An account linked or related to another in accounting, often used to track transactions connected to a specific business activity or party.

Plant Assets

Long-term tangible assets that are used in the production of goods or services and are not intended for sale.