Since Laws Are Often Drafted in Very Vague Terms, It

question 32

Multiple Choice

Since laws are often drafted in very vague terms, it is the job of agencies to determine the best way to carry out these laws. In this sense, what does the agency become?

• A) A partisan follower
• B) An executive branch officer
• C) A judicial ruler
• D) An unelected policymaker
• E) A government lobbyist

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Definitions:

Coefficient Of Variation

A standardized measure of dispersion of a probability distribution or frequency distribution, expressed as a ratio of the standard deviation to the mean.

Index Funds

A type of mutual fund or exchange-traded fund designed to follow or track the components of a market index, such as the S&P 500.

PHStat

A software add-in for Microsoft Excel that assists in statistical analyses.

Variance

A measure of the dispersion or spread of a set of values, calculated as the average of the squared deviations from the mean of the set.