What Type of Law Is Most Effective in Dealing with a Large

question 25

Multiple Choice

What type of law is most effective in dealing with a large or national industry that requires monitoring for public welfare or safety?

• A) Administrative law
• B) Business law
• C) Commercial law
• D) Delegated law

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Definitions:

Posting Reference

An alphanumeric code or number used to identify the original journal entry in the ledger, facilitating the tracking of transactions and their origins in accounting records.

Posting Process

The procedure of transferring journal entry details into the ledger to update account balances.

Journal

An accounting record where all transactions are initially recorded in chronological order before being posted to ledger accounts.

Ledger

A comprehensive collection of a company's financial accounts, recording all transactions and financial activities over time.