Which of the Following Statements Is True Regarding Natural Law

question 17

Multiple Choice

Which of the following statements is true regarding natural law?

• A) According to the theory of natural law, law derives its status as law from the fact that it has been enacted by the sovereign with the power to enforce his or her wishes.
• B) The theory underlying natural law is that there is a discoverable set of absolute right and wrong principles upon which our laws should be based.
• C) The theory of natural law is based on the premise that society's ideas change over time and law should reflect a compromise between the changing, often conflicting, interests of society.
• D) According to the theory of natural law, actual experience is the key to determining what law should be.

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Definitions:

Net Income

The total profit of a company after subtracting all expenses, taxes, and costs from total revenue.

Statement Of Cash Flows

A financial statement that highlights the major activities that impact cash flows and, hence, affect the overall cash balance.

Operating Activities

These involve the primary day-to-day activities of a business, such as sales and the purchase of goods or services, which are reflected in its cash flow.

Comparative Balance Sheet

A financial statement that presents the financial position of a company at two or more different points in time, allowing for analysis of trends in assets, liabilities, and equity.