If a Government Regulation Applies Differently to Different Persons, So

question 215

True/False

If a government regulation applies differently to different persons, so long as it is applied "evenly" there is usually no violation of the due process clause of the 14th Amendment.

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Definitions:

Fixed Overhead Expensed

The practice of charging fixed overhead costs to the income statement in the period they are incurred, rather than allocating them to products.

Inventories

Properties or goods meant for selling in regular business activities, under production for sale, or as resources and supplies for consumption during the production phase or while delivering services.

Step-Down Method

An accounting method used in cost allocation that sequentially allocates service department costs to other departments, including production ones.

Support Department

A division within an organization that provides essential services or support to the primary operations or profit centers.