______ Functions of the Law Tell Individuals What Actions They

question 21

Multiple Choice

______ functions of the law tell individuals what actions they can and cannot perform.

• A) Instrumental
• B) Symbolic
• C) Consensus
• D) Relativist

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Definitions:

Relevant Range

The range of activity within which assumptions about variable and fixed cost behavior are valid.

Cost

A sacrifice made to obtain some benefit.

Activity

In accounting and finance, it typically refers to the level of business operations or transactions in a given period.

Relevant Activity Base

A factor that causes changes in the behavior of costs, used to allocate fixed costs to cost objects effectively.