Which of the Following Statements Is True of the Nonmarket

question 8

Multiple Choice

Which of the following statements is true of the nonmarket environment of regulatory agencies?

• A) Commissioners and administrators of regulatory agencies do not require Senate confirmation.
• B) Private interests affect regulatory agencies indirectly through pressure on Congress and the executive branch.
• C) Congress can indirectly revise and block changes in statues.
• D) The president cannot review regulations to influence regulatory agencies.

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Definitions:

Real-World Observations

Empirical data or evidence gathered from the real world, used to inform or support research, theories, and decision-making.

Positive Accounting Theory

A theory that explains why firms elect certain accounting practices based on hypotheses about management behavior.

Ownership

The state or fact of exclusive rights and control over property, which can be an object, land/property, or intellectual property.

Control

In the context of business, control refers to the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities, often achieved through ownership of more than half of the voting rights or otherwise.