Which of the Following Is Exempt from the Administrative Procedure

question 47

Multiple Choice

Which of the following is exempt from the Administrative Procedure Act's requirement that the public be given notice and an opportunity to comment before a federal agency can promulgate a rule?

• A) Rules of agency procedure
• B) General statements of policy
• C) Both rules of agency procedure and general statements of policy
• D) There are no exemptions from the notice and comment requirements

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Definitions:

Maturity Value

The total amount payable to an investor at the end of a fixed term investment, including the principal and any accrued interest.

Days' Sales in Receivable

A financial metric that indicates the average number of days it takes for a company to collect payment after a sale has been made, illustrating the liquidity and efficiency of the company's receivables.

Financial Records

Documents and files that track the financial activities of a person or entity, providing a basis for financial planning and decision-making.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or the normal operating cycle of the business, whichever is longer.