Some Federal Agencies Do Not Have High Cabinet-Level Status but They

question 35

Multiple Choice

Some federal agencies do not have high cabinet-level status but they do report directly to the president. Such agencies, which include NASA and the Small Business Administration, are referred to as __________________.

• A) cabinet departments
• B) independent agencies
• C) administrative units
• D) congressional subdivisions
• E) inner circle agencies

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Definitions:

Limited Liability

The condition where a company's owners or shareholders are legally responsible for its debts only to the extent of the capital they invested.

Partnership Control

Partnership control refers to the governance or directive influence exercised by partners in a partnership, affecting decision-making and operations.

Partnership Share

The portion of ownership interest that a partner has in a partnership, often determining the share of profits and losses and the extent of liability.

Liquidated

The process of converting assets into cash or liquid assets, often in the context of dissolving a company or settling debts.