Where there has been informal rulemaking or informal adjudication by an administrative agency and the decision by that agency is then appealed to the courts, the court will generally apply what standard in reviewing factual determinations?

a. The unwarranted by the facts standard.
b. The substantial evidence standard.
c. The arbitrary and capricious standard.
d. The beyond a reasonable doubt standard.


c

Business

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Outdoor advertising has changed dramatically with the development of new technologies, such as global positioning systems, wireless communications, and digital display technology

Indicate whether the statement is true or false

Business

Which of the following is true of state action?

a. It includes any actions of the federal government, but not actions of state government. b. It includes any actions of the federal or state government, but not actions of local government. c. It includes only certain actions of state governments as set forth in the Constitution. d. Protections that guard against state action may be extended by statute to apply to private activity.

Business

Long-term forecasts have a larger standard deviation of error relative to the mean than short-term forecasts

Indicate whether the statement is true or false.

Business

Which one of the following statements relating to quality is TRUE?

A) Sampling procedures based on measurement by variables should be used when quality specifications are complex. B) A distribution of sample means has more variance than the process distribution itself. C) The distribution of sample means can be approximated by the normal distribution. D) Sampling is a better approach than 100 percent inspection when the cost of accepting a defective item is very high.

Business