Identify a True Statement About Rulemaking

question 46

Multiple Choice

Identify a true statement about rulemaking.

• A) Rulemaking involves the evaluation and adoption of an existing regulation.
• B) A regulatory agency can make rules whenever it wishes.
• C) A regulatory agency can base its rules on discretion.
• D) The power of rulemaking is conferred on a regulatory agency by the president in the agency's enabling legislation.
• E) A regulatory agency must follow process requirements set forth in the Administrative Procedure Act of 1946.

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Definitions:

Hydraulic Car Smasher

A type of machine or mechanical press for flattening or crushing cars through the application of high-pressure hydraulic power.

Marginal Cost

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

Dispose of Cars

The process of disposing or getting rid of cars that are no longer wanted, which can include selling, recycling, or scrapping them.

Average Variable Costs

The total variable costs (costs that change with production volume) divided by the total output.