What Is the Major Distinction Between Executive and Independent Agencies

question 29

Multiple Choice

What is the major distinction between executive and independent agencies?

• A)Executive agencies govern business issues while independent agencies regulate individual matters.
• B)The President has greater control over executive agencies.
• C)The Administrative Procedure Act regulates independent agencies but not executive agencies.
• D)Subpoenas may be issued by independent agencies;executive agencies do not have subpoena power.

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Definitions:

Notes Payable

Short-term or long-term liabilities recorded when a business borrows money or purchases goods or services on credit with a formal written promise to pay.

Calendar-Year Company

A company that operates its fiscal year in alignment with the calendar year, beginning January 1st and ending December 31st.

Balance Sheet

A document detailing a corporation's assets, debts, and owner's equity at a certain point in time.

Marital Status

A legal or social recognition of a person's relationship status, such as single, married, divorced, or widowed.