The Regulatory Flexibility Act

question 114

Multiple Choice

The Regulatory Flexibility Act:

• A)created the process of hybrid rule making.
• B)requires publication of rule notices in trade magazines.
• C)requires a six-month comment period in formal rule making.
• D)allows regulators to promulgate rules without prior notice.

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Definitions:

Offers More

Implies providing additional benefits or proposals beyond the initial offer.

Counteroffers

In negotiations, a response to an original offer that makes changes or presents new terms before an agreement is reached.

Assignee

An individual or entity to whom rights or interests have been transferred by another party.

Statutory Assignment

An assignment that meets certain qualifications and under which the assignee can enforce a claim directly without involving the assignor.