Presidents Frequently Issue Rules and Regulations That Carry the Force

question 4

Multiple Choice

Presidents frequently issue rules and regulations that carry the force of law, ranging from orders to the armed forces to designation of public lands. Such actions, once thought to be unconstitutional, are called

• A) civil prosecution
• B) executive orders
• C) diplomacy
• D) enforcement prerogative
• E) executive negotiation

---

Definitions:

Functional Currency

The monetary unit used by a company or entity to conduct and report its common business transactions, reflecting its primary economic environment.

Presentation Currency

The currency in which the financial statements of an entity are presented, which may differ from the entity's functional currency.

Exchange Rates

The worth of a currency when exchanged for another currency.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually determined by the currency that influences sales prices for goods and services.