In the House of Representatives, Who Is Second in Authority

question 69

Multiple Choice

In the House of Representatives, who is second in authority to the Speaker of the House?

• A) majority leader
• B) majority whip
• C) minority leader
• D) minority whip
• E) president pro tempore (or pro tem)

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Definitions:

Income Trusts

Income Trusts are a type of investment trust that holds income-producing assets and distributes the income generated to its shareholders, typically on a monthly or quarterly basis.

Tax Advantages

Financial strategies or aspects of investments that lower the amount of tax payable by taking advantage of beneficial tax policies.

Agency Conflicts

Disagreements between management and shareholders over the best interests of the corporation, often leading to decisions that benefit management at the expense of shareholders.

Income Trusts

Income trusts are investment vehicles that hold income-producing assets and distribute the income earned to the holders, commonly used in sectors like real estate and natural resources.