The Concept That Private Property Cannot Be Taken for Public

question 160

Multiple Choice

The concept that private property cannot be taken for public use without just compensation is

• A)eminent domain.
• B)ex post facto law.
• C)habeas corpus.
• D)martial law.
• E)regulatory taking.

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Definitions:

Gross Margin

The difference between sales revenue and the cost of goods sold before deduction of selling, general, and administrative expenses.

Job-Order Costing

A costing method that accumulates costs based on individual jobs or orders, suitable for businesses producing unique or custom products.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead to individual jobs or products based on a consistent basis such as labor hours or machine hours.

Automated Jointer

A machine used in woodworking that automatically joints or planes the edges of wood stocks to prepare them for gluing or assembly.