Which of the Following Systems Originated from the English Legal

question 7

Multiple Choice

Which of the following systems originated from the English legal system?

• A)Statutory law
• B)Civil law
• C)Common law
• D)Asian law
• E)Inquisitorial law

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Definitions:

Variable Cost

Expenses that vary directly with the level of production or sales volume, such as raw materials and labor.

Transfer Price

The price at which goods and services are traded between departments or subsidiaries within the same organization.

Variable Cost

Costs that vary directly with the level of production or sales volume, such as materials and labor, in contrast to fixed costs which remain constant regardless of production level.

Transfer Price

The price charged for goods or services transferred between departments or subsidiaries within the same company.