Identify a True Statement About Rulemaking

question 46

Multiple Choice

Identify a true statement about rulemaking.

• A) Rulemaking involves the evaluation and adoption of an existing regulation.
• B) A regulatory agency can make rules whenever it wishes.
• C) A regulatory agency can base its rules on discretion.
• D) The power of rulemaking is conferred on a regulatory agency by the president in the agency's enabling legislation.
• E) A regulatory agency must follow process requirements set forth in the Administrative Procedure Act of 1946.

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Definitions:

Statement of Liquidation

A financial document outlining how assets will be liquidated to pay off creditors during a company's dissolution.

Personal Assets

Items of value owned by an individual, including but not limited to cash, real estate, and personal belongings.

Current Balances

The total amount present in an account at any given point in time, reflecting all transactions up to that moment.

Capital Account Deficit

A situation where a country's outflow of capital exceeds the inflow, indicating negative net foreign investment.