Which of the Following Is True of Administrative Agencies

question 95

Multiple Choice

Which of the following is true of administrative agencies?

• A) The actual regulatory activity is performed by administrative agencies.
• B) Administrative agencies that issue rules having impact of laws are called quasi-judicial agencies.
• C) State and local governments do not have administrative agencies.
• D) Administrative agencies with quasi-executive authority make decisions like a court.
• E) Administrative agencies license and regulate intrastate transportation.

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Definitions:

Responsibility Accounting

An accounting system that collects, summarizes, and reports financial information related to the responsibilities of individual managers or departments.

Goal Congruence

The alignment of individual objectives and actions with the overall goals and objectives of an organization.

Performance Measures

Quantitative and qualitative metrics used to assess the effectiveness or efficiency of operations, employees, or overall organizational performance.

Transfer Price

The price charged for goods or services transferred between departments or divisions within the same company as part of the internal sales process.