Though Congress May Delegate Power to the Bureaucratic Agencies, Congress

question 34

Multiple Choice

Though Congress may delegate power to the bureaucratic agencies, Congress does not normally give open-ended power, and it does not relinquish all power. The process of retaining ultimate authority is called

• A) auditing.
• B) congressional prerogative.
• C) congressional oversight.
• D) partial delegation.
• E) retention.

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Definitions:

Issuing Securities

The process by which a corporation offers new stocks or bonds to the public or existing shareholders or bondholders.

Secondary Market

The financial market where investors purchase and sell securities they already own, as opposed to the primary market where securities are first issued.

Firms

Firms are business organizations engaged in commercial, industrial, or professional activities, typically comprised of a partnership or a corporation.

Primary Market

The financial market for new securities issues where corporations sell new stocks and bonds to the public for the first time.