Which of the Following Would Not Be Regarded as a Purpose

question 44

Multiple Choice

Which of the following would not be regarded as a purpose of the law?

• A)Keeping the peace and preventing chaos
• B)Ensuring community values are applied equitably
• C)Ensuring fair distribution of resources
• D)Encouraging the arbitrary exercise of power

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Definitions:

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting its consumption, wear and tear, or obsolescence.

Equity Method

An accounting technique used to record investments in other companies, recognizing income based on the investor's share of the investee's profits.

Subsidiary Earnings

Profits generated by a company that is majority-owned or fully owned by another company (the parent company).

Income Statement

An income statement is a financial document that shows a company's revenues, expenses, and net income over a specific period.