The Term Ratio Decidendi Refers To

question 32

Multiple Choice

The term ratio decidendi refers to:

• A)the part of a judge's written decision that states the legal principle upon which the decision is based, which part becomes binding law.
• B)that part of the judge's decision not relevant to determination of the legal question upon which the judgement is based.
• C)a judge's remarks concerning matters other than the legal principle upon which the final decision is based.
• D)the part of the judge's decision that is not binding precedent.

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Definitions:

Freight Costs

The expenses associated with transporting goods from one location to another.

Inventoriable Costs

Costs that are considered as assets on the balance sheet when incurred and then become cost of goods sold when the product is sold.

Warehousing Departments

Sections within a company dedicated to storing goods until they are sold or distributed.

FIFO Method

The First-In, First-Out (FIFO) method is an inventory valuation approach where goods produced or acquired first are sold or used first.