When Agencies Act Informally

question 21

Multiple Choice

When agencies act informally:

• A) fairness is rarely an issue
• B) there are often few or no procedures to protect individuals
• C) there are always defined rules and standards designed to protect individuals
• D) Because they are created by statute, agencies never act informally.

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Definitions:

Investment Project

A project undertaken by a business or individual involving the allocation of capital resources to increase future earnings.

Straight-Line Depreciation

A method of calculating the depreciation of an asset, where the asset's cost is reduced equally over its useful life.

Payback Period

The length of time it takes for an investment to generate enough cash flow to recover its original cost, a measure of investment risk.

Investment Project

A project that allocates capital with the aim of generating returns over time, often involving infrastructure, real estate, or other assets.