Law That Is Based on Decisions Made by Judges Is

question 55

Multiple Choice

Law that is based on decisions made by judges is called

• A) common law.
• B) constitutional law.
• C) case law.
• D) criminal law.
• E) a and c.

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Definitions:

Competing Products

Goods or services offered by different businesses that seek to satisfy the same customer needs or market demands.

Internal Standard

A benchmark or criterion established within an organization to ensure consistency and quality in its operations or production.

Life-Cycle Costs

The total cost of owning, operating, maintaining, and disposing of a product or system over its life span.

Transactional Costs

Expenses incurred during trading, beyond the price of the goods, including search and information costs, bargaining costs, and enforcement costs.