Administrative Regulations Generally Do Not Have the Force of Law

question 33

True/False

Administrative regulations generally do not have the force of law.

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Definitions:

Business Incubator

Local programs designed to provide low-cost shared business facilities to small start-up ventures.

Small Business Investment Companies (SBICs)

Privately owned and managed investment funds that are licensed and regulated by the SBA, providing capital to small businesses.

Government Loans

Financial aid provided by the government to individuals, businesses, or other organizations, often with more favorable terms than private loans.

Franchisors

Entities that allow individuals or entities (franchisees) to operate a business under their brand and business model for a fee.