When Did Congress Pass the Administrative Procedures Act

question 68

Multiple Choice

When did Congress pass the Administrative Procedures Act?

• A) 1920
• B) 1946
• C) 1965
• D) 1980
• E) 1999

Understand the importance of random sampling in research.

Recognize the concept of populations in psychological studies.

Identify the relationship between variables and the types of correlations.

Appreciate the significance of different research methods and when to apply them.

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Definitions:

Permanent/Temporary

In accounting, refers to the classification of accounts based on their longevity; permanent accounts are cumulative over time (e.g., assets, liabilities, equity), while temporary accounts are closed at the end of each accounting period (e.g., revenues, expenses).

Normal Balance

The side (debit or credit) on which increases to the account are recorded, based on the type of account (asset, liability, equity, revenue, expense).

Financial Statement

A written report that quantitatively describes the financial health of a company, including balance sheets, income statements, and cash flow statements.

Permanent/Temporary

Classification of accounts where permanent accounts are balance sheet items carrying over to the next financial period, while temporary accounts are income statement items closed at the end of the period.