Cases in Which the Government (As Plaintiff) Charges an Individual

question 25

Multiple Choice

Cases in which the government (as plaintiff) charges an individual with violating a statute that has been enacted to protect the public health, safety, morals, or welfare are classified as __________ law.

• A)civil
• B)public
• C)criminal
• D)international
• E)common

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Definitions:

Sunk Costs

Sunk costs are past expenses that have already been incurred and cannot be recovered, and thus should not affect future business decisions.

Opportunity Costs

The loss of potential gain from other alternatives when one alternative is chosen.

Cost Accounting System

A framework used to record, analyze, and allocate costs associated with a company's operations and production processes.

Management Performance Evaluation

The assessment and analysis of managerial actions in terms of efficiency, effectiveness, and attainment of business goals and objectives.