Which of the Following Statements Is True of the Executive

question 84

Multiple Choice

Which of the following statements is true of the executive director in an administrative agency?

• A) The executive director is the chief operating official of an agency and supervises usual administrative functions.
• B) The executive director is responsible for the minutes of agency meetings.
• C) The executive director is the legal custodian of the records of any meetings.
• D) The executive director is responsible for publication of all actions in the Federal Register.
• E) The executive director is the chief law officer and legal adviser.

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Definitions:

Present Value

The valuation at present of a future sum of money or sequence of cash inflows, applying a specified rate of return.

Interest Rate

The percentage of a sum of money charged for its use, reflecting the cost of borrowing money or the return on invested savings.

Real Interest Rate

The interest rate adjusted for inflation, representing the real cost of borrowing or the real yield to lenders and investors.

Nominal Interest Rate

The interest rate before adjustments for inflation, as opposed to the real interest rate which is adjusted for inflation.