When a Court Reviews the Way an Agency Interprets a Statute

question 106

Multiple Choice

When a court reviews the way an agency interprets a statute, it will use which scope of judicial review:

• A) the lowest scope possible
• B) strict scrutiny compared to review of procedural requirements
• C) an arbitrary and capricious standard compared to review of procedural requirements
• D) less scrutiny compared to review of procedural requirements
• E) remote effects scrutiny

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Definitions:

Cash Dividend

The distribution of some of a company's earnings to its shareholders as determined by the company's board of directors.

Waste Management System

A systematic approach to handling both disposal and recycling of waste materials in an environmentally friendly manner.

Liquidating Dividend

A type of dividend paid by a company to its shareholders from its capital rather than its earnings, often signaling the company is dissolving its assets.

Retained Earnings Restrictions

Limitations or constraints placed on the portion of earnings that are not distributed as dividends but kept within the company for reinvestment or other purposes.