The Concept of Flexibility in the Law Is Best Illustrated

question 53

Multiple Choice

The concept of flexibility in the law is best illustrated by:

• A) the use of precedent to decide similar cases in similar ways.
• B) passing statutes that purposely do not address precisely how they would apply in all situations.
• C) the use of appointed judges rather than elected judges.
• D) imposing mandatory penalties for criminal violations.
• E) setting a fixed amount of damages applicable to all wrongful death cases.

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Definitions:

Machine-hours

A measure of the total run time of machines in the manufacturing process, often used for costing purposes.

Overapplied Overhead

Overapplied overhead occurs when the allocated manufacturing overhead costs in an accounting period are less than the actual overhead costs incurred.

Job-order Costing

A cost accounting system that assigns costs to specific production batches or jobs.

Manufacturing Overhead

All manufacturing costs that are not directly associated with the production of goods, including costs related to indirect materials, indirect labor, and other indirect expenses.