A Court Opinion May Apply as Precedent When

question 6

Multiple Choice

A court opinion may apply as precedent when:

• A)There is a major difference in the key facts of the court opinion and the client's case
• B)There is a minor difference in the key facts of the court opinion and the client's case
• C)The rule or principle applied in the court opinion is the same rule or principle that applies in the client's case
• D)The rule or principle applied in the court opinion is different from the rule or principle that applies in the client's case
• E)All of the above
• F)Answers a,c,and d above

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Definitions:

Overhead Cost

Expenses related to the day-to-day running of a business that are not directly tied to a specific product or service.

Supply Costs

The expenses incurred in acquiring the materials and services necessary for production or operations.

Square Feet

A unit of area measurement equal to a square that measures one foot on each side, commonly used in the United States.

Spending Variance

is the difference between the actual amount spent on materials, labor, or overhead and the budgeted amount for these items.