Why Do Governments Often Create Special Regulatory Commissions and Boards

question 79

Multiple Choice

Why do governments often create special regulatory commissions and boards?

• A) to avoid flooding the courts with complaints and minor infractions
• B) because it takes considerable time for cases to reach the Supreme Court
• C) to do a preliminary review of cases before sending them to the courts
• D) because courts are refusing to hear cases regarding minor issues
• E) because some sections of the Charter have caused a flood of litigation that will be difficult to resolve

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Definitions:

Loan Agreement

A legally binding contract between a borrower and a lender, detailing the terms and conditions of a loan.

Interest

The cost of borrowing money, typically expressed as a percentage of the principal amount, or the income earned from lending funds.

Straight-Line Method

A depreciation technique that allocates an equal amount of depreciation expense for an asset over its useful life.

General Journal Entry

A record in the general journal that includes all the financial transactions of a company, showing accounts affected, amounts, and whether those amounts are debits or credits.