The Doctrine of Rests on the Assumption That the Courts

question 48

Multiple Choice

The doctrine of rests on the assumption that the courts should defer to the decisions made by the legislative and executive branches.

• A) judicial restraint
• B) judicial activism
• C) habeas corpus
• D) the rule of four
• E) stare decisis

---

Definitions:

Fair Value

The income from offloading an asset or the charge for transferring a liability in a methodical exchange among participants in the market at the time of determining its value.

Orderly Transaction

A transaction executed in an organized manner where both buyer and seller have access to all pertinent information and neither is under undue pressure.

Form 10-K

An annual report required by the U.S. Securities and Exchange Commission that gives a comprehensive summary of a company's performance.

Value-Relevance

The usefulness of financial information in affecting investors' decisions, including how changes in financial statement measures (like earnings and book values) impact stock market values.