What Standard Does a Court Use in Reviewing the Factual

question 58

Multiple Choice

What standard does a court use in reviewing the factual determinations of an administrative agency?

• A) Whether the agency properly interpreted the applicable law.
• B) Whether the conclusions reached are supported by substantial evidence.
• C) Whether the agency acted contrary to procedural requirements of the law.
• D) Any one of the above, depending on the particular situation.

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Definitions:

Net Income

The amount of money remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from a company's total revenue.

Indirect Method

A financial reporting approach used primarily for cash flow statements that adjusts net income for changes in non-cash accounts to calculate cash flow from operating activities.

Cash Dividends

Payments made by a company to its shareholders out of its profits or reserves.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.