Bill Blackburn Is the New Mayor of Oceanside,Washington

question 90

Multiple Choice

Bill Blackburn is the new mayor of Oceanside,Washington.He discovered that the city-run utility requires a deposit of $50 from new customers in homes.However,new customers who reside in apartments,condominiums,or townhouses must pay a $500 deposit.Mayor Blackburn proposed that the utility deposit be $100 for all new customers.Blackburn's change fits best under which theory of law?

• A)positive law theory
• B)natural law theory
• C)theory of justice
• D)theory of custom

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Definitions:

Prompt Payment Discount

A discount offered to customers for paying their invoices before a specified due date, used as an incentive for early payment.

Annual Rate

A periodic interest rate calculated over a year, often representing the cost of borrowing money or the earnings from an investment.

Vendor's Invoice

A document from a seller to a buyer that describes the products or services sold, their quantities, and the prices agreed upon.

Net Working Capital

The variance between an organization's immediate assets and its short-term liabilities, showcasing its financial stability in the short run.