Separation of Power Issues Seldom Arise with Regard to Administrative

question 71

True/False

Separation of power issues seldom arise with regard to administrative agencies because agencies owe their existence to the absolute constitutional right of the legislative branch to delegate its power as it sees fit.

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Definitions:

Discount

A reduction applied to the face value of a product, service, or security to encourage purchase or investment.

Net 60

A payment term indicating that payment is due 60 days after the invoice date.

Effective Annual Rate

The interest rate on a loan or financial product restated on an annual basis, taking compounding into account.

Credit Terms

The conditions under which credit will be extended to a borrower, including repayment periods and interest rates.