In the Context of Sources of International Law, Which of the Following

question 43

Multiple Choice

In the context of sources of international law, which of the following terms best represents a principle or practice that has developed over a course of dealing?

• A) Treaty
• B) Contract
• C) Custom
• D) Executive order

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Definitions:

Historical Cost

The original purchase cost of an asset, as recorded in the financial statements, without adjustment for inflation or market changes.

Original Cost

The purchase price of an asset or investment, including all expenses incurred to get the asset ready for its intended use.

Balance Sheet

A financial statement that summarizes a company’s assets, liabilities, and shareholders' equity at a specific point in time.

Pay Period

The interval of time for which employee wages are calculated and paid, such as weekly, biweekly, monthly.