Which of the Following Is a False Statement Regarding Federal

question 48

Multiple Choice

Which of the following is a false statement regarding federal independent agencies?

• A)Independent agencies are governed by a board of commissioners.
• B)The president appoints the commissioners of independent agencies with the advice and consent of the United States Senate.
• C)The United States president may remove commissioners of federal independent agencies without cause.
• D)No more than a simple majority of an independent agency can be members of any single political patty.
• E)The agencies are generally not located within any department.

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Definitions:

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from total sales revenue.

Ratio

A quantitative relationship between two numbers, often used in financial analysis to assess performance, financial health, and operational efficiency.

Income Statement

A financial report that shows a company's revenues and expenses over a specified period of time, resulting in net profit or loss.

Vertical Analysis

A technique in analyzing financial statements, where each item in the primary categories of assets, liabilities, and equity on a balance sheet is expressed as a ratio of the overall category total.