All of the Following Statements Concerning the Making of Policy

question 58

Multiple Choice

All of the following statements concerning the making of policy are true EXCEPT this one:

• A) Congress sometimes makes a policy through a bundle of several laws.
• B) Presidents have made profound changes in policy through executive orders.
• C) Policies are best thought of as the product of the actions of one branch of government created at a particular time.
• D) Bureaucracies make policy though their power to regulate.
• E) The courts take a policymaking role when they rule on what government can or cannot do.

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Definitions:

Service Partner

A business entity or individual that provides services to another company under a partnership or contractual agreement.

FMV

Fair Market Value, the estimated price at which an asset would change hands between a willing buyer and seller, both having reasonable knowledge and not under compulsion.

Basis

The initial value or purchase price of an asset for tax purposes, used to calculate the gain or loss on the sale of that asset.

Section 1231 Asset

Property used in a business and held for more than a year, qualifying for special tax treatment upon its sale or exchange.