Members of Congress Are Able to Influence Monetary Policy,albeit Indirectly,through

question 65

Multiple Choice

Members of Congress are able to influence monetary policy,albeit indirectly,through their ability to

• A) withhold appropriations from the Board of Governors.
• B) withhold appropriations from the Federal Open Market Committee.
• C) propose legislation that would force the Fed to submit budget requests to Congress, as must other government agencies.
• D) do all of the above.

Recognize the purpose and structure of the chain of command in organizational configurations.

Identify the factors that influence the choice of spans of control within an organization.

Distinguish between line and staff units in organizational structures.

Understand the role of unity of command and hierarchy of authority in organizational structures.

---

Definitions:

Employer's Payroll Tax

Taxes that employers are required to pay on behalf of their employees, which may include contributions to social security, Medicare, and unemployment taxes.

Permanent

A term used in accounting to describe accounts that are not closed at the end of the accounting period, such as assets, liabilities, and equity accounts.

Temporary

Pertaining to or lasting for a limited time; in accounting, referring to accounts that are closed at the end of each accounting period, such as revenue and expense accounts.

Permanent

Refers to accounts or records in accounting that are not closed at the end of the accounting period and are carried over into the next period.