Rules Created by Agencies Rather Than by Congress but Which

question 61

Multiple Choice

Rules created by agencies rather than by Congress but which nevertheless carry the same force as congressional laws are normally referred to as

• A)regulatory law.
• B)regulatory capture.
• C)independent authorization.
• D)administrative law.
• E)statutory laws.

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Definitions:

Client

A person or organization receiving services or advice from a professional or company.

Liability for Negligence

The legal responsibility for harm caused by failing to act as a reasonable person would under similar circumstances.

Third Party Beneficiaries

Individuals or entities who are not parties to a contract but stand to benefit from its execution or its terms.

Accountant

A professional who performs accounting functions such as audits or financial statement analysis.