Describe the major powers of a typical administrative agency


The major powers include the power to make rules and regulations (quasi-legislation), to investigate, to enforce their orders (execution), and to review application of the rules to individuals (quasi-adjudication).

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President Franklin D. Roosevelt’s fireside chats, presidential talks broadcast on the radio, are an example of a(n) ______.

a. manuscript presentation b. extemporaneous presentation c. mediated presentation d. impromptu presentation

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Answer the following statement(s) true (T) or false (F)

1. Although very common a few hundred years ago, the barter system no longer exists in our modern world. 2. Money is anything that is commonly accepted as a means of payment for goods and services. 3. Money must be in the form of minted coins or paper. 4. Money has two basic functions: a medium of exchange and a measure of relative value. 5. Money has one function: a medium of exchange.

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A limited partner's financial obligation to the partnership may be increased if:

a. the limited partner acts as agent for a competing partnership. b. the limited partner takes active part in the management of the partnership. c. the certificate of limited partnership is incorrect or incomplete. d. The limited partner takes active part in the management of the partnership or the certificate of limited partnership is incorrect or incomplete.

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Samuel and Hiroto are colleagues. While talking about what they had for dinner the previous night, Samuel says, "Hiroto, I bet you got raw fish for dinner at Yoko's." Which of the following does this statement reflect?

A. Fact B. Favoritism C. Prejudice D. Discrimination

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