Which of the Following Statements Is True of Organization of Agencies

question 96

Multiple Choice

Which of the following statements is true of organization of agencies?

• A) Administrative agencies or boards usually consist of 35 or 40 members to ensure transparency in their functioning.
• B) Appointees at the federal level are permitted to engage in any other business or employment during their terms.
• C) Appointees may be removed by the president for neglect of duty and inefficiency.
• D) A simple majority of the members forming the body should belong to a different political party.
• E) A secretary is vested with a power to remove an appointee for malfeasance in office.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds over a period.

Interest Paid

The amount of money paid over a specific time period for the use of borrowed funds.

Premium

The amount by which the price of a financial instrument or security, like an insurance policy, bond, or stock, exceeds its face value or nominal value.

Straight-Line Method

A technique for determining depreciation or amortization by uniformly spreading an asset's cost throughout its lifespan.