Which of the Following Statements Is True of an Independent

question 1

Multiple Choice

Which of the following statements is true of an independent agency?

• A)Independent agencies are headed by the president.
• B)Independent agencies are a part of the executive branch of the government.
• C)Independent agencies are headed by a board or commission.
• D)Independent agencies are given authority only to enforce rules made by the Congress.

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Definitions:

Fraud

The intentional deception or misrepresentation made by one party to another, resulting in harm or loss.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, making them owners of a portion of the corporation.

Unaffiliated Directors

Board members who do not have a direct or substantial interest in the company, ensuring independence from the company’s management.

Outside Directors

Members of a company's board of directors who are not part of the company's management team and are theoretically independent of the company.