Why Does the Head of the Social Security Administration (SSA)have

question 23

Multiple Choice

Why does the head of the Social Security Administration (SSA) have less policy influence than the head of the Federal Trade Commission (FTC) ?

• A)because the SSA operates under limiting guidelines than cannot be altered based on circumstances
• B)because the SSA budget is much smaller than the FTC budget
• C)because the SSA is an independent agency and the FTC is a presidential commission
• D)because the SSA has fewer clientele groups than the FTC
• E)because the SSA affects a smaller portion of the population than FTC policies

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Definitions:

Allowance Account

An account used in accounting to record reductions in the carrying amount of accounts receivable, due to potential or estimated uncollectible debts.

Net Realizable Value

The estimated selling price in the ordinary course of business minus the estimated costs of completion and the estimated costs necessary to make the sale.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was acquired.

Fair Value

The estimated market value of an asset or liability, reflecting what a willing buyer would pay a willing seller in an arm's length transaction.