Which of the Following Is an Issue of Administrative Agencies

question 2

Multiple Choice

Which of the following is an issue of administrative agencies that relates to personnel?

• A) The volume of rules adopted by agencies is beyond the ability of the business community to keep up with and comply with.
• B) There are so many agencies making regulations directed at the business community that the regulations often overlap and are in conflict.
• C) The administrative process is overwhelmed with paperwork and with meetings.
• D) The administrative process finds it difficult to discharge unsatisfactory employees.
• E) There is often a lack of enforcement procedures to follow up on actions taken to ensure compliance.

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Definitions:

Net Income

The total amount of profit earned by a company after all expenses and taxes have been deducted from total revenue.

Depreciation Expense

An accounting method used to allocate the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Accrued Expense

An accounting term for expenses that have been incurred but not yet paid, representing a company's obligation to make future payments.

Contra Account

An account in the general ledger that is used to reduce the value of a related account when the two are netted together.