Which of the Following Statements Is TRUE

question 45

Multiple Choice

Which of the following statements is TRUE?

• A)The phrase "court hierarchy" refers to the fact that the courts must obey the words of a valid statute.
• B)Arbitration is usually binding but it depends on the arbitration agreement of the parties and on the powers of the courts to review arbitration decisions.
• C)The judges of the superior court in each province are appointed by that province's government.
• D)The phrase "rule of law" refers to the fact that a law must contain a rule that either prohibits someone from doing something or allows someone to do something.
• E)The phrase "court hierarchy" refers to the fact that the Supreme Court of Canada contains one chief justice and eight puisine justices.

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Definitions:

Random Variation

The inherent unpredictability in the outcomes of a process, often analyzed in statistical contexts to understand or model data.

Cyclical Effect

A pattern of fluctuations in a time series that corresponds to cycles in the broader economy, often related to business or economic conditions lasting more than a year.

Exponential Smoothing

A time series forecasting method for univariate data that applies smoothing factors to make forecasts.

Smoothing Constant

A parameter used in exponential smoothing forecasting methods to control the rate at which older observations are dampened.