Which Is Not a Limitation Concerning Administrative Rulemaking

question 20

Multiple Choice

Which is not a limitation concerning administrative rulemaking?

• A)Rules are typically written by departmental insiders.
• B)Rules cannot cover every situation.
• C)Complex rules create uncertainty for the officer.
• D)Formal rules may encourage evasion.

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Definitions:

Common Stock

Common stock represents units of ownership in a corporation, granting holders voting rights and a share in the company's profits, often through dividends.

Ending Balance

The amount in an account at the end of an accounting period after all debits and credits have been accounted for.

Asset (A)

Resources owned by a company that have economic value and can provide future benefits.

Liability (L)

Financial obligations, debts, or responsibilities the company owes to others, measurable in monetary terms.