Formal Rulemaking Differs from Informal Rulemaking in That with Formal

question 18

Multiple Choice

Formal rulemaking differs from informal rulemaking in that with formal rulemaking:

• A) the procedures are governed by the same APA provisions that govern an adjudication.
• B) an agency must give prior notice of a proposed rule, usually by publication in the Federal Register.
• C) an opportunity must be given for interested parties to participate in the rulemaking.
• D) publication of a final draft of the rule, along with a statement of the rule’s purpose, must be given at least fourteen days before its effective date.

---

Definitions:

Sole Proprietorship

A business structure where a single individual owns and operates the entire business, bearing all financial risks and responsibilities.

Partnership

A lawful business structure involving two or more people who distribute both the management responsibilities and the profits.

Sole Proprietorship

A business structure where a single individual owns and runs the business, responsible for all its debts and liabilities.

Debt Financing

Borrowing money that must be repaid over time, with interest.