The Phrase "A Government of Laws Not Men" Means ______

question 35

Multiple Choice

The phrase "a government of laws not men" means ______.

• A) the legal system in the United States works independently from the federal government
• B) administrators are held accountable to sources of political legitimacy
• C) the American people are not subject to the same laws as administrators
• D) litigation is more prevalent in the public sector than in the private sector

---

Definitions:

Perpetual Inventory System

An accounting method that records inventory purchases and sales in real-time, providing a continuous account of inventory balances.

Cost Of Goods Sold

The direct costs attributed to the production of the goods sold by a company, including materials and labor.

ASPE

Accounting Standards for Private Enterprises, a set of accounting standards for private companies in Canada.

Expenses

Costs incurred in the operation of a business that are not directly tied to the production of goods or services but are necessary for the business's functioning and profitability.