What Is an Independent Agency

question 77

Multiple Choice

What is an independent agency?

• A) an agency that was not created by a law passed by Congress
• B) an agency whose budget comes from outside funding
• C) an agency that is not part of any Cabinet department
• D) an agency that is not part of the government
• E) an agency entirely created by the president, independent of congressional action

---

Definitions:

Assets

Resources owned or controlled by a business or individual that are expected to produce economic value or benefit in the future.

Return on Assets

A measure of how effectively a company is using its assets to generate earnings.

Revenues

Revenues are the total amount of money received by a company for goods sold or services provided during a specific period.

Expenses

Costs incurred in the process of earning revenue, often categorized into operating and non-operating expenses.