Which of the Following Do Positive Law Theory and Natural

question 4

Multiple Choice

Which of the following do positive law theory and natural law theory have in common?

• A)Both believe that human decency will ultimately triumph over human cruelty.
• B)Both believe that human values apply to all people at all times.
• C)Both depend on an outside source for their understanding of law,morality,and rights.
• D)Both believe in forming and dictating ethical decisions to people.

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Definitions:

Predetermined Overhead Rate

A rate calculated prior to the accounting period that is used to allocate overhead costs to products or job orders, based on estimated overhead costs and an allocation base.

Job-Order Costing

A cost accounting system that accumulates costs according to specific jobs or orders, allowing for detailed cost tracking.

Manufacturing Cost

The total expense incurred in the production of goods, including direct materials, direct labor, and manufacturing overhead.

Machine-Hours

A measure of the amount of time machines are running in the production process, used as a basis for allocating overhead costs.