Which Statement Explains Why Efforts by Congress to Restore the Balance

question 10

Multiple Choice

Which statement explains why efforts by Congress to restore the balance between the legislative and executive branches have mostly failed?

• A)The federal judiciary tends to favor a high level of executive power.
• B)Executive officials enjoy more discretionary power than members of Congress.
• C)Partisan conflict prevents Congress from passing even the most basic of legislation.
• D)The American public approves of presidents more highly than it approves of Congress.

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Definitions:

Fair Value

Fair value is an estimation of the price at which an asset or liability could be bought or sold in an orderly transaction between market participants at the measurement date.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate period, ensuring that revenues and expenses are matched.

Short-Term Investments

Investments that are expected to be converted into cash, sold, or consumed within a year or within one business cycle, whichever is longer.

Converted Into Cash

Refers to the process of liquidating assets or investments to generate cash flow.