Which of the Following Is False Regarding Federal Independent Agencies

question 20

Multiple Choice

Which of the following is false regarding federal independent agencies?

• A) Independent agencies are governed by a board of commissioners.
• B) The president appoints the commissioners of independent agencies with the advice and consent of the Senate.
• C) The commissioners may be removed in the discretion of the president.
• D) No more than a simple majority of an independent agency can be members of any single political party.
• E) The agencies are generally not located within any department.

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Definitions:

Pure Competition

A market structure characterized by a large number of small firms selling identical products, with no single entity able to influence the market price.

Product Differentiation

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.

Market

An area or arena in which commercial dealings are conducted.

Pricing Objectives

Pricing objectives are the goals a company aims to achieve through its pricing strategies, such as maximizing profit, increasing market share, or targeting a specific market segment.