Writ of Certiorari (Cert.)is Given When

question 20

Multiple Choice

Writ of certiorari (cert.) is given when:

• A)a person does not want to appeal to the Supreme Court.
• B)there have been conflicting decisions in similar cases by different courts of appeal.
• C)the court has too many cases to be heard and has no time to take up a new case.
• D)the loser of the case does not pay the judgment.

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Definitions:

Business Enterprises

Organizations engaged in commercial, industrial, or professional activities, aiming to earn profits.

External Transactions

Transactions that involve parties outside the organization, impacting the financial position of the business.

Economic Events

Transactions and occurrences that affect the financial position of a business entity.

Basic Accounting Equation

Represents the foundation of double-entry bookkeeping, stating that assets equal liabilities plus equity.