The _______ requires a court to overturn a newly-crafted agency rule only when there is a showing of no factual basis for the rule.
a. Clear and convincing evidence standard.
b. Substantial factor test.
c. Arbitrary and capricious test.
d. The preponderance of the evidence standard.
Ans: c. Arbitrary and capricious test.
Business
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The relatively permanent, homogeneous divisions in a society into which people sharing similar values, interests, and behavior can be grouped is called ______.
a. social class b. wealth groups c. value systems d. cultural categories
Business
If the accounts receivable turnover for the current year has decreased when compared with the ratio for the preceding year, there has been an acceleration in the collection of receivables
a. True b. False Indicate whether the statement is true or false
Business