Advances in Technology Have Had Little or No Effect on Businesses

question 27

True/False

Advances in technology have had little or no effect on businesses' ability to remain competitive.

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Definitions:

Administrative Procedures Act

A United States federal statute that governs the way administrative agencies of the federal government may propose and establish regulations.

Enabling Statute

Legislation that grants a new agency or body the authority to act and outlines the scope of its powers.

Formal Rule Making

A process in administrative law where regulations are developed and issued by government agencies, often including opportunities for public comment and participation.

Budgets

Financial plans that outline expected income and expenditures over a specific period, often used by individuals, businesses, and governments.