Federal Agencies That Are Responsible for Implementing Rules and Regulations

question 24

Multiple Choice

Federal agencies that are responsible for implementing rules and regulations with respect to individual or corporate conduct related to some aspect of the economy are called ____________________.

• A) independent agencies
• B) congressional agencies
• C) executive branch subdivisions
• D) regulatory agencies
• E) interstate agencies

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, thereby having an ownership interest in the company.

Revenue Accounts

Accounts that track the income generated from normal business operations, including sales revenue, service revenue, and interest revenue.

Credits

Accounting entries that increase liabilities or equity or decrease assets, representing the opposite of debits.

Owner Invests

occurs when the owner of a business contributes assets, commonly in the form of cash or equipment, into the business for its use.