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In evaluating which judicial selection system is best it is important to determine if one system produces better judges than another. Judicial folklore has long held that particular systems may produce superior judges. Several studies have systematically analyzed this folklore. Researchers use measurable judicial credentials, such as education and prior legal experience, as indicators of judicial quality.
-Which of the following statements is true?
Opportunity Cost
The cost of the next best alternative that is forgone when making a decision.
Scenario 1-5
A series of hypothetical or planned situations used for strategic planning, decision making, or analysis, labeled numerically for differentiation.
Working
Engaging in a physical or mental activity to achieve an objective, often to earn an income.
Opportunity Cost
The loss of potential gain from other alternatives when one particular option is chosen over others.
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