Legal Positivism Argues That

question 87

Multiple Choice

Legal positivism argues that

• A)The law itself is less important than who is in the position to enforce it.
• B)The law is whatever the sovereign says it is.
• C)Humans possess certain inalienable rights that are not the products of human-made law.
• D)Legal actions are only those which are taken under the law.
• E)Courts should follow precedents.

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Definitions:

Standard Deviation

Standard deviation is a statistical measure of the dispersion or variability of a set of data points, commonly used to quantify the risk associated with an investment's return.

Dollar-Weighted Return

is a method for calculating the return on an investment, taking into account the timing of cash flows into and out of the investment, often used to measure the performance of a portfolio.

Dividend

A portion of a company's earnings distributed to shareholders, usually in the form of cash or additional shares.

Jensen Measure

A performance metric that calculates the excess return of a portfolio over the predicted return by the Capital Asset Pricing Model (CAPM).