Understanding Government Regulation and Oversight

Front

What is the primary purpose of regulation in the private sector?

Back

To control or change practices using governmental authority

Front

What is compliance monitoring?

Back

Ensuring that firms and companies are following industry regulations

Front

Who has the discretionary and rule-making authority to implement policy?

Back

Bureaucratic departments, agencies, and commissions

Front

Which of the following is NOT a method of Congressional oversight? Holding hearings and conducting investigations, Setting new guidelines for an agency, Increasing the salaries of agency employees, Exercising budgetary control by setting aside funds

Back

Increasing the salaries of agency employees

Front

How many cabinet departments are there, and who appoints their heads?

Back

15, appointed by the President and approved by the Senate

Front

Which of the following is an example of an Independent Executive Agency? The Federal Reserve Board, The Department of Homeland Security, The Social Security Administration, The U.S. Postal Service

Back

The Social Security Administration

Front

What is the main function of Independent Regulatory Commissions?

Back

To regulate specific economic activities or interests

Front

Which of the following is a characteristic of Government Corporations?
Options:
They are always profitable,
They are privately owned,
They serve a public need,
They are part of the executive branch

Back

They serve a public need

Front

Which department is the newest among the cabinet departments? Options: The Department of Education, The Department of Energy, The Department of Homeland Security, The Department of Transportation

Back

The Department of Homeland Security

Front

What is the role of Congress in relation to the federal bureaucracy?

Back

To exercise legislative oversight