Dynamic Business Law Chapter 4 Exam Questions with Verified Answers Latest Update 2024 Already Passed

Dynamic Business Law Chapter 4 Exam Questions with Verified Answers Latest Update 2024 Already Passed Administrative Law - Answers The body of law created by administrative agencies in order to carry out their duties and responsibilities. Administrative Agency - Answers Generally defined as any body created by the legislative branch to carry out specific duties. Legislative, judicial, and executive - Answers Administrative agencies have ______ powers Interstate Commerce Commission (ICC) - Answers first federal agency monitoring business operations, created in 1887 to oversee interstate railroad procedures Enabling Legislation - Answers A statute enacted by Congress that authorizes the creation of an administrative agency and specifies the name, composition, purpose, and powers of the agency being created. Rule Making - Answers Enabling statutes permit administrative agencies to issue rules that control individual and business behavior. These rules have the same effect as laws. Procedural, Interpretive, and legislative - Answers Administrative agencies may enact three type of rules: subpoena - Answers a court order requiring appearance and/or testimony Subpoena Duces Tecum - Answers a court order to produce documents or records Substantive; Procedural - Answers Administrative Law consists of the _________ and ________ rules created by administrative agencies. Administrative Law Judge - Answers After an investigation regarding a dispute an administrative agency has with a business or an individual, the agency holds an administrative hearing before a __________. consent order - Answers A ________ is a statement in which a company agrees to stop disputed behavior but does not admit that it broke the law Order - Answers A(n) _________ is a binding decision rendered by a judge. Doctoral - Answers This is not included in the types of rules administrative agencies may enact Executive Agency - Answers The administrative head of an __________ is appointed by the president with the advice and consent of the U.S. Senate. The administrative head of the ________ can be dismissed by the president at any time, for any reason. Independent agencies - Answers _________ are governed by a board of a commissioners, one of whom is the chair. The President appoints the commissioners of ___________ with the advice and consent of the Senate, but these commissioners serve fixed terms and cannot be removed except for cause. Executive - Answers An _______ agency is typically located within the executive branch Hybrid Agency - Answers Some administrative agencies do not fall clearly into executive or independent agency categories. These agencies are typically referred to as __________. Administrative Procedures Act - Answers 1946 Act requiring bureaucratic agencies to appeal to the affected parties before adopting new policies. Legislative check on Bureaucracy. Informal Rule Making - Answers This rule applies in all situations in which the agency's enabling legislation or other congressional directive do not require another form. Notice-And-Comment Rule Making - Answers Another name for Informal Rule Making. Federal Register - Answers An official document, published every weekday, which lists the new and proposed regulations of executive departments and regulatory agencies. Formal Rule Making - Answers Formal rule-making takes place under the Administrative Procedures Act after a process called "on the record" rule-making occurs. Hybrid Rule Making - Answers This rule is an attempt to combine the best features of both federal and informal rule making. Interpretive Rule - Answers A rule that does not create any new rights or duties but is merely a detailed statement of an agency's interpretation of an existing law, including the actions a party