Which Law Is Created by the Courts Via Judicial Decision

question 19

Multiple Choice

Which law is created by the courts via judicial decision and can be changed by the courts (it contains notions of common sense and precedent) ?

• A) Constitutional
• B) Statutory
• C) Common
• D) Administrative
• E) None of the above

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Definitions:

Allocated

Refers to the distribution or assignment of costs or resources to different accounts, projects, or periods.

Cost of Goods Sold

The total direct costs attributable to the production of the goods sold by a company, including materials and labor.

Indirect Expenses

Costs not directly tied to a product or service, like utilities and rent.

Departments

Departments refer to distinct areas or divisions within a business or organization, each handling specific tasks or responsibilities.