What Is the First Step in the Agency Rulemaking Process

question 37

Multiple Choice

What is the first step in the agency rulemaking process?

• A) Determine legislative authority.
• B) Draft the proposed rule change.
• C) File for a hearing to start the formal rulemaking procedure.
• D) Study and research the alternatives.

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Definitions:

Labor

The exertion of mental and physical capabilities by individuals in creating goods and services.

Firm's Demand

The total quantity of a product or service that a business anticipates consumers will purchase at various price levels.

Derived Demand

Demand for a good or service that arises from the demand for another good or service; for example, the demand for steel is derived from the demand for cars.

Input

Refers to the resources, materials, or services that are used in the production of goods and services.