Some Critics Consider Newer Consumer and Environmental Protection Agencies to Be

question 3

Multiple Choice

Some critics consider newer consumer and environmental protection agencies to be especially vulnerable to capture by those they regulate. One reason this may not be the case is that

• A) new agencies have much more discretion in adjusting standards and postponing deadlines than older agencies have.
• B) it has become easier for groups to use the federal courts to put pressure on the regulatory agencies.
• C) new agencies tend to regulate a single industry.
• D) many public-interest lobbies have recently been weakened through legislation.
• E) new agencies have a narrow focus and little power.

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Definitions:

Merchandise Inventory

Goods and products that a firm holds with the intent to sell them as part of its business operations; considered a current asset on the balance sheet.

Perpetual Inventory System

A method for accounting inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

MasterCard

A multinational financial services corporation that facilitates electronic funds transfers globally, primarily through its branded credit and debit cards.

American Express

A global financial services company recognized for its services in credit cards, charge cards, and traveler's cheque operations.