Why Did the Length of Time Required to Develop an Administrative

question 62

Multiple Choice

Why did the length of time required to develop an administrative rule grow from an average of 15 months to an average of more than 35 months over the last four decades?

• A)The federal government is now required to allow the public to vote on all new rules during either a midterm congressional or presidential election.
• B)The federal government must now consult all 50 state governments before a rule can be implemented.
• C)The number of employees working in the federal government has grown dramatically, thereby increasing the number of people who must provide feedback on all new rules.
• D)There are now new procedures requiring more public notice, more public hearings, more cost-benefit analysis, and stronger legal obligations to prepare "environmental impact statements."

---

Definitions:

Secured Party

A lender or creditor who holds an interest in the collateral provided by the debtor to secure a loan or obligation.

Chattel Paper

A writing that indicates both a monetary obligation and a security interest in specific goods.

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, such as repayment of a loan.

Ordinary Course

Refers to actions and transactions that are regular and normal for a particular business under the circumstances.