The Courts Generally Will Not Find That an Agency's Decisions

question 207

Multiple Choice

The courts generally will not find that an agency's decisions are arbitrary, capricious, or an abuse of discretion if:

• A) the agency has sufficiently explained the facts and its policy concerns
• B) the agency has established a factual basis that is in the agency's record
• C) a reasonable person could reach the same judgment as the agency on the basis of the agency's record
• D) the agency has sufficiently explained the facts and its policy concerns and the agency has established a factual basis that is in the agency's record
• E) the agency has sufficiently explained the facts and its policy concerns and the agency has established a factual basis that is in the agency's record and a reasonable person could reach the same judgment as the agency on the basis of the agency's record

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Definitions:

Dividend Payments

The portion of a company's earnings that is distributed to shareholders, usually in the form of cash or additional shares.

Cash Flow

The net amount of cash and cash-equivalents being transferred into and out of a business, reflecting the company's operational, investing, and financing activities.

Financing Activities

Transactions and business events that affect long-term liabilities and equity of a company, including issuance of shares, buyback of shares, and loans taken or given.

Operating Activities

Business activities directly related to the production and delivery of goods and services.