Which Statement About the Cabinet Is Incorrect

question 37

Multiple Choice

Which statement about the Cabinet is incorrect?

• A) The Cabinet has no legal status under the Constitution.
• B) The Cabinet does not make decisions collectively.
• C) The Cabinet does not meet as a group, except during the State of the Union address.
• D) The Senate must approve the president's choice of cabinet secretaries.
• E) Cabinet members are not responsible to the Senate or Congress at large.

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Definitions:

Vertical Analysis

A method of financial statement analysis in which each line item is listed as a percentage of another item, typically used to express items as a percentage of total sales or total assets.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities, and equities) is represented as a proportion of the total account.

Total Liabilities

The combined amount of debts and obligations that a company owes to others, reported on its balance sheet.

Total Assets

The sum of all current and non-current assets owned by a company, reflecting the company’s total resources that can be used to generate revenue.