What Is the Main Difference Between a Bill and a Resolution

question 38

Multiple Choice

What is the main difference between a bill and a resolution?

• A) A resolution is just another name for a bill.
• B) A resolution deals only with issues affecting local government, while a bill deals with the entire state.
• C) All bills require the signature of the governor, but no resolution does.
• D) Unlike a bill, a resolution, if passed, lacks the force of a public law.
• E) A resolution must be passed unanimously; a bill needs only a majority.

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Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profits.

Current Ratio

A financial metric used to evaluate a company's ability to pay off its short-term liabilities with its short-term assets.

Adjusted Balances

Balances that have been modified to reflect corrections or adjustments, often related to accounting and financial statements.

Income Statement

A financial report that shows the revenue, expenses, and net income of a company over a specific period, highlighting its profitability.