What Is the Concern with Judge-Made Law

question 8

Multiple Choice

What is the concern with judge-made law?

• A) Judges are making decisions based on loyalty.
• B) Judges are not necessarily held accountable by the people.
• C) Judges are often not exposed to controversial topics.
• D) Judges are increasingly focused on public opinion.

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Definitions:

Freight-In

Freight-In costs are the shipping charges for receiving goods from suppliers, considered part of the inventory cost and included in the cost of goods sold when the inventory is sold.

Purchases Account

A ledger account used to record the amounts spent on acquiring inventory for resale or raw materials for production, excluding any direct labor or overhead costs.

Cost Of Goods Purchased

The cost of goods purchased is the total expense a company incurs to buy the goods that it sells to customers, excluding costs associated with production or manufacturing.

Gross Profit Rate

A financial metric that indicates the percentage of revenue that exceeds the cost of goods sold.