The Merit Systems Protection Board Issues a Rule

question 27

Multiple Choice

The Merit Systems Protection Board issues a rule.Like other adminis?tra?tive agencies' "legislative rules," this rule is as

• A)binding as a law passed by Congress.
• B)persuasive as an expert's opinion.
• C)suggestive as a newspaper's editorial.
• D)unenforceable as a salesperson's puffery.

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Definitions:

Special Journal

A specialized accounting journal designed to record a specific type of transaction consistently, such as sales or purchases.

Electronic Accounting System

Computerized systems used for tracking and managing financial transactions and accounts.

General Ledger Accounting Systems

Comprehensive accounting systems that collect, classify, and summarize financial transactions to create financial statements.

Cash Receipts

The collection of money (cash, checks, wire transfers) by a business during a given period, often recorded in the cash receipts journal.