What Was the Key Reason for the Creation of Law

question 63

Multiple Choice

What was the key reason for the creation of law courts during the early development of the English common law?

• A)to administer law in a uniform manner
• B)to help merchants form a standardized set of commercial laws
• C)to increase the power of the king in law-making
• D)to facilitate legal disputes for the wealthy and influential

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Definitions:

Residual Income

The amount of income that an individual or company retains after accounting for all operating expenses and costs, including debt.

Average Operating Assets

The average value of assets used in the daily operation of a business, calculated over a specific period.

Net Operating Income

The income a company makes from its regular business activities, not including costs related to interest and taxes.

Net Operating Income

A measure of a company's profitability that calculates how much revenue exceeds operating expenses, not including taxes and interest expenses.