Which of the Following About the Lieutenant Governor in Texas

question 55

Multiple Choice

Which of the following about the lieutenant governor in Texas is incorrect?

• A) The lieutenant governor is chair of the Legislative Budget Board.
• B) The lieutenant governor presides over the senate.
• C) The lieutenant governor is elected in a statewide election.
• D) The lieutenant governor's powers are primarily executive, not legislative.
• E) The lieutenant governor is first in line for succession of the governor.

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Definitions:

Current Liability

Obligations or debts that a company expects to settle within one fiscal year or the operating cycle, whichever is longer.

Balance Sheet

A report detailing a business's assets, liabilities, and owners' equity at a particular moment.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle of a business.

Fixed Asset Accounts

Accounts that track the purchase, depreciation, and disposal of long-term assets owned by a company.