When Reviewing Factual Determinations of an Administrative Agency,the Courts Must

question 29

True/False

When reviewing factual determinations of an administrative agency,the courts must always use the "arbitrary and capricious" test.

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Definitions:

Dividends

Periodic payments made to shareholders, reflecting a portion of a company's profit.

Preferred Shares

A class of ownership in a corporation that has a higher claim on assets and earnings than common shares, often receiving dividends before common shareholders.

Common Stock

A type of equity security that represents ownership in a corporation, entitling the holder to vote on corporate matters and receive dividends.