Which of the Following Is True About Administrative Agencies

question 22

Multiple Choice

Which of the following is true about administrative agencies?

• A) Administrative agencies exercise powers guaranteed to them in the U.S. Constitution.
• B) Administrative agencies exercise powers allocated to them by the president.
• C) Administrative agencies make decisions that are rarely reviewed by the courts.
• D) Administrative agencies make decisions that are effectively reviewed by voters.

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Definitions:

Assets

Resources a business owns.

Partnership

A legal and business relationship between two or more individuals who join together to conduct a business. Each partner contributes resources and shares the profits and losses.

Jointly Owned

Assets, properties, or businesses owned by two or more parties, sharing rights and responsibilities.

Income Ratios

Financial metrics that compare various aspects of a company's financial performance to its income, providing insights into efficiency, profitability, and operational success.