Which of the Following Best Describes a 706 Agency

question 18

Multiple Choice

Which of the following best describes a 706 agency?

• A) A state level government office that serves as a complaint-handling agency for the Federal government.
• B) A federal government commission that implements the American Recovery and Reinvestment Act.
• C) A state level government office that serves as a complaint-handling agency for EEOC.
• D) A federal government commission that implements the Tax Relief and Health Act. EEOC may have an agreement with a state's fair employment practice office for the office to serve as a complaint-handling agency for EEOC. This agency is called as a 706 agency.

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Definitions:

Accounts Receivable

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

Current Liabilities

Financial obligations a company owes and is due to pay within a year.

Total Current Assets

The sum of all assets expected to be converted into cash within one year.

Accounts Receivable

Money owed to a company by its debtors for goods and services that have been delivered but not yet paid for.