When the Governor Strikes Out Specific Spending Provisions in Large

question 26

Multiple Choice

When the governor strikes out specific spending provisions in large appropriations bills, it is called

• A) pigeonholing.
• B) the pocket veto.
• C) the line-item veto.
• D) the post-adjournment veto.
• E) an expenditure veto.

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Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing company, reducing shareholders' equity.

Stockholders' Equity

The ownership interest of shareholders in a company, calculated as the company's total assets minus its total liabilities.

Treasury Stock

Shares that were once part of the float and outstanding shares, but were bought back by the company, reducing the amount of stock on the open market.

Common Stock

A type of equity security that represents ownership in a corporation, with rights to vote on corporate matters and receive dividends.