TAMU MGMT 311 Chapter 6 Vocab

i.e is there a rational reason for the agency's decision

Passing on activities to other groups to lessen your work load

take away/ get rid of regulations

Regulatory agencies that regulate issues across multiple industries/ businesses (ex: Federal Trade Commission)

Creates and provides administrative agencies with their powers; given by Congress and sets strict guidelines on what they can and can't do

part of executive branch and DEPENDENT on president to keep job; get power from Congress through enabling statute

Formal Rule Making Steps:
-Agency recognized need for rule
-Agency promulgates draft of the proposed rule
-Must publish "Notice of proposed rule-making" in -------Federal Register including...
--Hearing dates, time, place, and nature of proceedings
--Legal authority
--Description of issues
--Min of 30 days' notice

a consumer product which presents imminent and unreasonable risk of death, serious illness, or severe personal injury.

multi-headed boards and commissions that have a SET term limit (ie CAN'T be fired by prez); appointed by current prez; supposed to stay NONPOLITICAL

Regulatory agency meant to control one business (ex: SEC or ICC)

Informal Rule-Making Steps PREFFERED:
-Agency recognizes need for rule
-Agency promulgates draft of the proposed rule
-Gives notice required by APA of printing in Federal Register
-Public can send in written comments (30 days)
-Agency can revise or completely ignore
-Final draft published in Federal Register

require warning labels on products

party must show they are affected by actions of agent and that they are aggravated (adjudicatory cases)

agency decision must be based on a SUBSTANTIAL piece of evidence; standard for appeal

set time limit of agencies (which can be renewed) that pushes them to "say in line" to remain popular/ relevant to be renewed

any agreement between two or more parties that substantially reduces competition in the marketplace

Agreements blatantly labeled anticompetitive and are always considered violations; court's must make an automatic guilty decision

Agreements that may lessen competition to some degree but they may also create benefits that arguably outweigh the damage they do to market competition; courts reserve the right to hear case