Which of the following rulemaking models is most often used by administrative agencies because it is efficient in terms of time and cost?
A) formal rulemaking
B) informal rulemaking
C) hybrid rulemaking
D) independent rulemaking
B
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Which of the following is true of the laissez-faire economic theories that were prevalent in the 19th century?
A. These theories were never considered a part of the public policy in the 19th century. B. People in business had to face a lot of restrictions while planning the kind of economy that increasing industrialization required. C. People in business were unable to limit or shift many of their economic risks by placing clauses in their contracts. D. The courts were unwilling to interfere with people's private agreements or to do anything that might interfere with the country's growing industrialization.
Discussants in dialogue continually test their understanding of the perspectives of other group members. This is which characteristic of interpersonal dialogue?
A. vulnerability B. mutual implication C. recognition of “strange otherness” D. temporal flow
Distinguishing between product and period costs is sometimes guided by the value-added principle.
Answer the following statement true (T) or false (F)
Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of units expected to be produced are 193,000 in October, 201,500 in November, and 198,000 in December. Glaston assigns variable overhead at a rate of $0.75 per unit of production. Fixed overhead equals $150,000 per month. Compute the total budgeted overhead for October.
A. $150,000. B. $144,750. C. $294,750. D. $343,000. E. $301,125.