An Agency's Legislative Rules Are Considered as Binding in Nature

question 57

Multiple Choice

An agency's legislative rules are considered as binding in nature and carry the full force and effect of law,provided:

• A)they are in consonance with the Administrative Procedure Act only.
• B)they are in consonance with the Constitution but not necessarily in consonance with the enabling legislation.
• C)they are in consonance with the enabling legislation,but not necessarily with the Constitution.
• D)they are in consonance with the enabling legislation,the APA as well as the Constitution.

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Definitions:

Production Level

Refers to the amount of goods or services produced by a company or industry over a specific time period.

Variable Costs

Expenses that fluctuate in direct proportion to production levels or output, including labor and materials.

Short-run Supply Curve

A graphical representation of the quantity of goods a firm is willing and able to supply to the market at different prices, over a short period where at least one input is fixed.

Marginal Cost

The financial commitment needed for the creation of an additional unit of a product or service.