Which of the Following Statements Is True of the Legislature

question 23

Multiple Choice

Which of the following statements is true of the legislature in influencing decisions in an administrative agency?

• A) It has the power to limit appropriation of funds to the agency.
• B) It cannot abolish an administrative activity.
• C) It is beyond its scope to advise and amend procedural requirements for the agency's adjudications.
• D) It has very little control over the administrative process of an agency.
• E) It takes decisions independently, without any consultation with the executive branch.

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Definitions:

Present Value

The current price of a future sum of money or stream of cash flows, discounted at a certain rate of return.

Cash Flow

The complete inflow and outflow of cash and equivalent financial assets within a business framework.

Future Value Formula

A mathematical equation used to calculate the future value of an investment based on its current value, the interest rate, and the time period of the investment.

Compounded Monthly

The process where interest earned on an investment is added to the principal each month, with future interest then earned on the new total.