Which of the Following Is Accurate Regarding the Organization of the Executive

question 50

Multiple Choice

Which of the following is accurate regarding the organization of the executive branch?

• A) An independent executive agency is not part of a cabinet department but still reports directly to the president, while a cabinet department exists outside the major departments and is tasked with making and implementing rules within a specific area.
• B) An independent executive agency is not part of a cabinet department but still reports directly to the president, while a government corporation exists outside the major departments and is tasked with making and implementing rules within a specific area.
• C) An independent executive agency is not part of a cabinet department but still reports directly to the president, while an independent regulatory agency exists outside the major departments and is tasked with making and implementing rules within a specific area.
• D) A government corporation is not part of a cabinet department but still reports directly to the president, while an independent executive agency exists outside the major departments and is tasked with making and implementing rules within a specific area.
• E) A government corporation is not part of a cabinet department but still reports directly to the president, while an independent regulatory agency exists outside the major departments and is tasked with making and implementing rules within a specific area.

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Definitions:

After-Tax Profit

The profit a company has left after paying all its taxes.

Tax Rate

The proportion of income that the government taxes an individual or business.

Profit and Loss Statement

A financial statement that summarizes revenues, costs, and expenses incurred during a specific period, usually a fiscal quarter or year.

Total Contribution Margin

The difference between total sales revenue and total variable costs, indicating how much revenue is available to cover fixed costs and generate profit.