The Administrative Procedure Act Imposes Controls on Agencies by Requiring

question 31

Multiple Choice

The Administrative Procedure Act imposes controls on agencies by requiring basic fairness in areas not regulated by the enabling legislation.This method of reining in powerful agencies is a form of

• A)informational control.
• B)political control.
• C)judicial review.
• D)statutory control.

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Definitions:

Cash Balances

Cash balances refer to the amount of currency, coins, and balances in checking and savings accounts that a company holds at any given time.

Pledging Agreement

A contract in which a borrower pledges an asset as collateral for a loan, ensuring the lender can seize the asset if the loan is not repaid.

Account Receivable

Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.

Excess Cash

The amount of cash holdings that exceeds what a company requires for its immediate operational needs, often considered for investment or distribution.