What Type of Clause Forces the Expiration of a Program

question 29

Multiple Choice

What type of clause forces the expiration of a program or policy after a specified number of years without congressional reauthorization?

• A) sunshine clause
• B) exit clause
• C) sunset clause
• D) finite clause
• E) temporary clause

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Definitions:

Net Income

The net income of a business following the subtraction of all costs, such as operating expenses and taxes, from its overall revenue.

Net Loss

The deficit that results when total expenses exceed total revenues in a specific accounting period, indicating a decrease in net assets.

Accounting Equation

A fundamental principle of accounting that states assets are equal to the sum of liabilities and stockholders' equity, expressed as Assets = Liabilities + Stockholders' Equity.

Landscaping Supplies

Various materials and tools used for garden and landscape design, maintenance, and construction.