In New York V

question 366

Multiple Choice

In New York v. Burger, a junkyard owner claimed that a New York statute permitting warrantless searches of junkyards was a violation of the 4th Amendment. The Supreme Court held that the statute was:

• A) constitutional because to hold otherwise would leave the Commerce Clause meaningless when regulation is "clearly necessary"
• B) constitutional because it met the criteria necessary for a warrantless search of a closely regulated business
• C) an unconstitutional violation of the Fourth Amendment since the police failed to obtain judicial approval for the searches
• D) an unconstitutional violation of the exclusionary rule
• E) none of the other choices

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Definitions:

Inventory Cost

The total cost associated with buying and preparing items for sale, including purchase prices, shipping, handling, and storage.

Perpetual Inventory Account

A method of recording inventory that updates inventory records in real-time with every transaction, sale, or purchase.

FIFO

An inventory valuation method (First In, First Out) where the costs of the earliest goods purchased are the first to be recognized in determining cost of goods sold.

LIFO

Last In, First Out, an inventory valuation method where the most recently produced or purchased items are recorded as sold first.