Which of the Following Are Rules of an Agency That

question 51

Multiple Choice

Which of the following are rules of an agency that are policy expressions that have the effect of law?

• A) Procedural
• B) Interpretive
• C) Legislative
• D) Adjudicative
• E) None of these

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Definitions:

Surplus

The amount by which revenue exceeds expenses in a given period, indicating a positive financial state.

Share Option

A right granted by a company to its employees or executives to purchase shares in the company at a preset price, often used as part of compensation packages.

Exercise Price

The specified price at which an option holder can buy (call) or sell (put) the underlying security or commodity.

Obligation

A duty or responsibility to act or perform in a certain way, often legally binding, resulting from a contract, law, or moral responsibility.