If Congress has left a gap in an agency's enabling statute regarding the making of rules necessary for the formulation of agency policy:

a. the statute is rendered void due to vagueness
b. the court may fill any gaps by interpreting the statute
c. the agency is given an express delegation of authority to create any necessary provisions to fulfill the agency's function
d. the statute is sent back to Congress for further explanation and repair


b

Business

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What will be an ideal response?

Business

Cost behavior analysis is not useful to a service business

Indicate whether the statement is true or false

Business

There are two approaches that management can use to estimate the amount of credit sales that would prove to be uncollectible, they are the _____. Over time, the two methods, correctly used, will give the same cumulative income and asset totals. U.S. GAAP and IFRS do not require firms to use one or the other, and some firms use both methods

a. gross amount of sales procedure and the aging-of-accounts-receivable procedure. b. percentage-of-sales procedure and the aging-of-accounts-receivable procedure. c. percentage-of-cost of good sold procedure and the amount of accounts-receivable procedure. d. percentage-of-cost of good sold procedure and the aging-of-notes-receivable procedure. e. gross amount of sales procedure and the amount of accounts-receivable procedure.

Business

The business market purchase decision process is triggered when someone inside or outside the company identifies a need.

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

Business