What Is Meant by "Administrative Discretion

question 51

Multiple Choice

What is meant by "administrative discretion"?

• A) The federal courts have considerable oversight ability and latitude to steer an agency.
• B) An agency is not bound by a written law and may adapt its procedures to meet a particular circumstance.
• C) Having enacted the legislation, Congress has reserved the right to create administrative guidelines for an agency.
• D) When laws are vague, a federal agency usually has considerable freedom in deciding how to implement them.
• E) The president may hold as confidential the conversations between himself and his cabinet.

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Definitions:

One Year

A period of time consisting of 12 months or 365 days, used as a standard measurement of time for financial, contractual, and planning purposes.

Fiscal Year

A one-year period that companies use for accounting and financial reporting, which may or may not align with the calendar year.

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the appropriate period for a more accurate financial statement.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting its loss of value over time.