The Federal Trade Commission issues and interprets rules and regulations regarding business activities. The Federal Trade Commission is a governmental administrative agency.
Answer the following statement true (T) or false (F)
True
An administrative agency is an institution created by Congress with delegated power to pass rules and regulations within its mandated area of authority.
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Under the perpetual inventory system, which of the following accounts would not be used?
a. Cost of Goods Sold b. Merchandise Inventory c. Sales d. Purchases
The discount rate that firms use in measuring the pension plan liability is the rate of return on
a. high-quality equity investments. b. low-quality fixed-income investments with a maturity approximately equal to the period to maturity of the pension benefits. c. average-quality fixed-income investments with a maturity approximately equal to the period to maturity of the pension benefits. d. high-quality fixed-income investments with a maturity approximately equal to the period to maturity of the pension benefits. e. certificates of deposit with a maturity approximately equal to the period to maturity of the pension benefits.
Which of the following reports would most likely be written using a formal writing style?
A) A routine report about the progress a task force is making B) A research report about consumer trends written by a consultant for his client C) A summary report written to your supervisor about a conference you attended D) A short summary written for your boss of an article you read
When a team has a disagreement, the best course of action is to ____.
A. go to a vote B. push for a resolution C. put the decision on hold D. remove the issue from the discussion