When is formal rulemaking required? Explain whether formal or informal rulemaking is used more frequently
What will be an ideal response?
Formal rulemaking is required only when a statute specifically mandates that "rules be made on the record after an opportunity for an agency hearing." Because of the time and additional cost involved, informal rulemaking is more prevalent than formal rulemaking. The APA also dictates that informal rulemaking may be used by default when no exemption exists or when formal rulemaking is not required.
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Customer-driven innovation differs drastically from concept testing in that it:
a. taps the collective wisdom of a community for product development and innovation. b. it better uses the resources of the firm. c. it concentrates the research on a specific customer group. d. it creates a "control" for all R&D done in the lab e. it segregates the research process in order to better analyze customer input.
Interest on corporate bonds is taxable, but interest on municipal bonds is not
Indicate whether the statement is true or false.
Differentiate between a chronological résumé and a functional résumé.
What will be an ideal response?
Indirect selling expenses are not linked to the sale of a specific product and include interest, telephone expenses, and ____
a. cost of promotional supplies
b. salaries of non-sales personnel
c. postal charges
d. rent
e. utilities