A Major Rule of an Administrative Agency

question 30

Multiple Choice

A major rule of an administrative agency:

• A) does not become final until Congress has had an opportunity to disapprove it.
• B) is any rule that the Office of Management and Budget finds has resulted in or is likely to result in an annual effect on the economy of at least one million dollars.
• C) must be published in the Federal Register prior to its becoming final, but need not be submitted to Congress.
• D) is a rule that will have a significant effect on competition and that becomes final if it is submitted to and approved by the President.

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Definitions:

Certificate of Authority

A document issued by a state government granting a foreign business entity permission to conduct business in that state.

Foreign Corporation

A corporation that is registered and operates in a different jurisdiction from where it was originally incorporated.

Qualification Purposes

The specific reasons or objectives for requiring or seeking a particular certification, status, or level of skill.

Stock of Goods

The inventory of products or goods that a company has on hand to sell to customers.