Which School of Jurisprudence Is Based on the Philosophy That

question 40

Multiple Choice

Which school of jurisprudence is based on the philosophy that what matters is not what is written as law,but who enforces the law and by what process?

• A)Legal positivism
• B)Natural law
• C)Legal realism
• D)Sovereign selection

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Definitions:

Liquidation of Assets

The process of selling a company's assets to generate cash, typically done when the company is closing or bankrupt.

Safe Cash Payment

A payment method deemed to have minimal risk of loss or fraud, ensuring the recipient receives the funds securely.

Consolidation Worksheet

A document utilized in accounting to systematically combine the financial statements of a parent organization and its subsidiaries, ensuring accurate presentation of consolidated financial data.

Intra-Entity Gross Profit

Gross profit resulting from transactions within the same company or among its subsidiaries, often eliminated during consolidation for accurate financial reporting.