Andrew Jackson's Famous (If Perhaps Apocryphal) Comment That, "John Marshall

question 41

Multiple Choice

Andrew Jackson's famous (if perhaps apocryphal) comment that, "John Marshall has made his decision; now let him enforce it," illustrates the fact that

• A) only the president can decide whether or not Supreme Court decisions will be enacted.
• B) the Supreme Court lacks any institutional means to implement its decisions.
• C) the decisions of the Supreme Court have little relevance outside the cloistered world of the legal profession.
• D) elected officials can safely ignore the decisions of the Supreme Court, because few offices experience as much turnover as that of the Supreme Court justice.
• E) the Supreme Court did not always have the institutional power to enforce its decisions that it enjoys today.

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Definitions:

Inventory Turnover

A financial ratio measuring how many times a company's inventory is sold and replaced over a period.

Cost of Goods Sold

A duplicated term; refers to the direct costs attributable to the production of the goods sold by a company, including material and labor costs.

Ending Inventory

The value of goods available for sale at the end of an accounting period, after accounting for all sales and purchases during the period.

Average Sale Period

The average amount of time it takes for a company to convert its inventory into sales, reflecting the efficiency and effectiveness of its sales and inventory management.