The Administrative Procedure Act, Enacted in 1946, Was Intended to Do

question 32

Multiple Choice

The Administrative Procedure Act, enacted in 1946, was intended to do which of the following?

• A) Ensure that administrative agencies would be fully subject to judicial control
• B) Impose some constraints on administrative agency powers, and provide guidelines for its procedures
• C) Ensure that administrative agencies could operate without any constraints on their powers
• D) Eliminate the distinction between administrative rule-making and adjudication

---

Definitions:

Inventory Costing

The process of assigning costs to inventory items and determining the cost of goods sold.

Understated

Describes a situation where figures or estimates are reported lower than they actually are, leading to inaccuracies in financial or data reporting.

Overstated

A term used when financial statements or records reflect a higher amount than what is accurate or true.

Cost of Goods Sold

Straightforward expenses incurred in the manufacture of merchandise a company sells, involving costs of materials and labor.