When Congress Passes a Statute with Language Such As, "The

question 30

Multiple Choice

When Congress passes a statute with language such as, "The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are

• A)congressional regulations.
• B)statutory regulations.
• C)interpretative regulations.
• D)legislative regulations.

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Definitions:

Occupancy Expenses

Expenses associated with the use of a physical location, including lease payments, utility bills, and taxes on the property.

Spending Variance

The difference between the actual amount spent and the budgeted amount planned to be spent in a given period.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard amount expected, multiplied by the standard cost per unit.

Food And Supplies

Items necessary for operating a business, such as a restaurant or hotel, including both edible products and necessary materials.