Does the House or Senate control spending?

Does the House or Senate control spending?

Congress—and in particular, the House of Representatives—is invested with the “power of the purse,” the ability to tax and spend public money for the national government.

Does the President have to sign a continuing resolution?

The appropriations bills must be signed into the law by the President, although the budget resolution itself is not subject to his or her approval. If Congress fails to appropriate the necessary funds for the federal government, the government shuts down as a result of the Antideficiency Act.

What does a continuing resolution do?

continuing resolution/continuing appropriations – Legislation in the form of a joint resolution enacted by Congress, when the new fiscal year is about to begin or has begun, to provide budget authority for Federal agencies and programs to continue in operation until the regular appropriations acts are enacted.

Why do we need continuing appropriation?

Continuing appropriations refer to appropriations available to support obligations for a specified purpose or project, such as multi-year construction projects which require the incurrence of obligations even beyond the budget year.

What is the purpose of a continuing resolution quizlet?

Continuing resolution- a law allowing agencies to spend at the previous year’s level. Congress passes continuing resolutions when they are unable to meet the budgetary time table for the year. Without passing the upcoming year’s budget resolution, agencies will not be funded.

What is controllable or discretionary spending?

Controllable Spending. An amount decided upon by Congress and the President to determine how much will be spent each year on many individual government expenditures, including environment protection programs, aid to education, etc.

What is uncontrollable spending quizlet?

uncontrollable spending. The portion of the federal budget that is spent on programs, such as Social Security, that the president and Congress are unwilling to cut.

What is an example of uncontrollable spending?

Other uncontrollable expenditures include civilian and military pensions, earned income credits and food stamp programs. One way to increase funding for Social Security, for example, would include the removal of the yearly salary cap for Social Security taxes.

What is an example of controllable spending?

trips, new cell phones, DVDs, etc. What are some examples of controllable spending? What is another name for uncontrollable spending? bills, car payments, insurance payments, cell phone bills, etc.

What does the power of the purse refer to quizlet?

A command or authorization to act in a particular way on a public issue given by the electorate to its representative. Outlays fell two years in a row and spending declined.

Which branch has the power of the purse quizlet?

The constitution places the power of the purse with Congress and the power of the sword with the Executive branch.

What does it mean that the House of Representatives has significant power of the purse quizlet?

What does it mean that the House of Representatives has “significant power of the purse”? Laws that fund the government begin in the house. Who has the ultimate authority to decide whether or not a federal law or action is constitutional?

What principle of the Constitution states that the Constitution and civil society will constrain government power?

Chapter 3

Question	Answer
Under the principle of ____, both the Constitution and civil society constrain government power	limited government
Presidents have the power to make ___, or compacts, with foreign governments even though that power is not specified in the Constitution.	executive agreements

What are the two main types of uncontrollables?

There are two main types of expenses in your retail store – those that are controllable and those that are uncontrollable. Knowing how to effectively manage each is the key to profitability in your retail store.

What are controllable expenses?

Controllable costs are those over which the company has full authority. Such expenses include marketing budgets and labor costs. By contrast, non-controllable costs are those that a company cannot change, such as rent and insurance.

What are non-controllable expenses?

A non-controllable cost is an expense that is not within the sphere of control of a manager. For example, a manager cannot alter his own salary. Or, a department manager has no control over the rent charge that is allocated to his department for office space used.

Is Depreciation a controllable cost?

Answer: The controllable costs are: direct materials, direct labor, indirect materials, and indirect labor (supervision). Depreciation, insurance, allocated repairs and maintenance, and allocated rent and utilities expense are not under the influence of the production manager.

Are all fixed costs uncontrollable?

By definition fixed costs are the costs that remain constant, in total, regardless of changes in the level of activity. Therefore, prima facie they appear ‘uncontrollable’.

Which is an example of a non controllable restaurant expense?

Rent comes under “Occupancy Cost” and is an example of a non-controllable cost.

How do you categorize restaurant expenses?

You can count on the following monthly operating costs for your restaurant.

1. Rent and utilities (electricity, water, internet, cable, and phone): 5% – 10% of revenue.
2. Food cost: 25% – 40% of food sales.
3. Labor cost: Roughly 30% of revenue including management salaries of 10%
4. Insurance varies by provider and type.

What are the techniques of cost reduction?

The following tools and techniques are used to reduce costs:

• Budgetary Control.
• Standard Costing.
• Simplification and Variety Reduction.
• Planning and Control of Finance.
• Cost Benefit Analysis.
• Value Analysis.
• Contribution Analysis.
• Job Evaluation and Merit Rating.

Which costs are controllable by the project manager?

2) Which costs are controllable by the project manager? The project manager has the most control over direct costs. These are expenses that can be estimated or planned for during the course of the project: wages, equipment, training, meetings, transportation, publicity, advertising, etc.)

What are the major types of costs in project management?

Project costs typically fall into three basic categories—direct cost, general conditions, and profit and overhead.

What is the difference between a top-down and bottom-up cost estimate?

In the top-down approach you will estimate the duration of deliverables and/or major deliverables. In bottom-up estimating you provide detailed estimates for each individual task making up your deliverables. Generally, top-down estimating is done first and then later followed up with bottom-up estimating.

What are the types of costs?

Following this summary of the different types of costs are some examples of how costs are used in different business applications.

• Fixed and Variable Costs.
• Direct and Indirect Costs.
• Product and Period Costs.
• Other Types of Costs.
• Controllable and Uncontrollable Costs—
• Out-of-pocket and Sunk Costs—