If the House and Senate Have Different Versions of the Same

question 2

Multiple Choice

If the House and Senate have different versions of the same bill, where does the bill go next?

• A)To the President for signature of the bill he favors most
• B)To the Rules Committee to set up the guidelines for passage of the bill
• C)To the Conference Committee to resolve the differences between the two bills
• D)To the Finance Committee to see if there is enough money in the budget for both forms

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Definitions:

Useful Life

The expected period over which an asset is anticipated to be productive or beneficial for its owner.

Payback Period

The duration required for an investment to produce sufficient cash flow to recoup its original expense.

Depreciates

The process of allocating the cost of tangible assets over their useful lives, reflecting the decrease in value over time.

Revenues

The income generated from normal business operations and includes discounts and deductions for returned merchandise.