Delegated Legislation Derives Its Authority from the Provisions of an Act

question 26

Short Answer

Delegated legislation derives its authority from the provisions of an Act of Parliament. This authorising Act is called the _______ Act.

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Definitions:

Safety Stock

Safety stock is additional inventory held by a business to prevent stockouts caused by variations in supply and demand.

Cash Flow

Cash Flow refers to the net amount of cash being transferred into and out of a business, indicating the company's liquidity over a certain period.

Precautionary Need

The motive to hold cash or assets to safeguard against unexpected emergencies or transactions.

Speculative Need

A financial concept where individuals or businesses hold cash or assets in speculation of market changes, expecting to profit from fluctuations in prices or exchange rates.