Continental Law Is Defined as Which of the Following

question 19

Multiple Choice

Continental law is defined as which of the following?

• A) law that comprises the body of legal precedents, applications, and interpretations
• B) law that is developed by the courts rather than an assembly
• C) laws that serve to implement and regulate existing laws and acts
• D) laws that are formally codified wherein rules, crimes, and punishments are specified

---

Definitions:

Interest Rate

The amount of money paid for the use of borrowed funds.

Legal/Regulatory

Pertaining to laws, regulations, and legal standards that govern the operations, actions, and compliance requirements of individuals and organizations.

Generic Competitive Strategies

Frameworks proposed by Michael Porter that describe three potential strategies to achieve a sustainable competitive advantage: cost leadership, differentiation, and focus.

Competitive Advantage

A scenario or element that positions a business in a stronger or more favorable spot relative to its competitors.