Which of the Following Statutes Provides Public Accountability for Administrative

question 6

Multiple Choice

Which of the following statutes provides public accountability for administrative agencies?

• A)Sunshine Act
• B)Freedom of Information Act
• C)Equal Access and Justice Act
• D)All of the above

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Definitions:

Profit

The financial gain obtained when the revenue from business activities exceeds the costs and expenses associated with operating the business.

Economic Profit

The total revenue from operations minus both the explicit and implicit costs; it's a measure of profitability factoring opportunity costs.

Accounting Profit

The net income a company reports on its financial statements, calculated as total revenues minus explicit costs of doing business.

Marginal Cost

The additional cost incurred by producing one more unit of a good or service.