The Statutes of the Realm of Edward I Changed Law

question 49

Multiple Choice

The Statutes of the Realm of Edward I changed law in England because

• A)they were printed and marked the first written law in England.
• B)they marked the precedent of changing law by legislation.
• C)they were the first laws established by Parliament.
• D)they represented law by declaration and administrative fiat.
• E)they marked laws legislated separately by the House of Commons and the House of Lords.

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Definitions:

Allocated Rent

The portion of rental expenses assigned to different departments or business units within an organization, often based on space usage or other relevant criteria.

Profitable Products

Products that generate more revenue than the costs associated with producing and selling them, contributing positively to a company's net income.

Physical Measures Method

An approach to cost allocation or performance measurement that relies on direct, quantifiable units such as hours, kilograms, or meters.

Relative Sales Value Method

An approach used in joint cost allocation, distributing costs among products based on their relative sales values at the split-off point.