Administrative agencies—like the Securities and Exchange Commission, the Federal Trade Commission, and the Food and Drug Administration—make rules. What are the two basic types of rules called, and how bind-ing are they? What must an administrative rule NOT do?
The rules that are made according to the notice-and-comment rulemaking procedures are sometimes referred to as "legislative rules," and they are as binding as the laws that Congress makes. Such rules, like laws, must not violate the Constitution. Unlike laws, however, such rules must not exceed the power that Congress conferred on the agency in its enabling legislation.
Agencies can adopt rules through less formal actions. These rules may be referred to as "interpretive rules.". Interpretative rules declare an agency's interpretation of its enabling statute's meaning, without imposing direct, legally binding obligations or establishing legal rights. They may have practical significance, however, because they provide enforcement guidelines for agency officials and may indicate that more formal rulemaking will occur if these less formal positions are ignored
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Answer the following statement true (T) or false (F)
Due to the recording of adjusting entries, the dollar amount of Cash on the trial balance is usually less than the dollar amount of Cash on the adjusted trial balance
Indicate whether the statement is true or false
Distinguish between proprietary theory and entity theory. Include descriptions of the balance sheet equation used by each and how income is computed.
What will be an ideal response?
Which of the following takes place during the first phase of the 3-x-3 writing process?
A) Editing to make sure the message is clear, conversational, concise, and readable. B) Writing the rough draft. C) Gathering any needed information through formal or informal research techniques. D) Analyzing the audience and your purpose for writing.