Legislation Can Be Categorised in a Number of Ways

question 41

Multiple Choice

Legislation can be categorised in a number of ways. Match up the following types of legislation with their meaning
-Enabling legislation

• A)Legislation which relate to matters affecting the general public
• B)Legislation which gives power to a particular person or body to oversee the production of the specifi c details required for the implementation of the general purposes stated in the parent Act
• C)Legislation which relate to the powers and interests of particular individuals or institutions (although the provision of statutory powers to particular institutions can have a major effect on the general public)
• D)Legislation which is designed to bring together provisions previously contained in a number of different Acts, without actually altering them.

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Definitions:

Firm Bidding

A bidding process where the bid price is fixed and non-negotiable, often used in contexts requiring budget adherence or strict cost controls.

Target Cost

is the estimated price at which a product needs to be sold in the market, guiding the design and manufacturing process to ensure profitability.

Fixed Costs

Costs that do not change with the level of output or activity, such as rent or salaries.

Units Produced

The number of complete items manufactured or produced within a given timeframe.