List the various sources of law and their order of hierarchy.

What will be an ideal response?


The hierarchy of the sources of law is well understood. That hierarchy is as follows. Each higher source of law voids, or prevails, over every lower source of law in the hierarchy, except that in many instances there will be no conflict between higher and lower sources of law, and in other instances, it may not be clear whether a higher source of law conflicts with a lower source of law. Hierarchy of sources of law from highest to lowest: (a) U.S. Constitution and Amendments (b) Statutes (also called "acts" or "legislation") of Congress (c) Federal administration regulation (d) State constitutions (apply only in individual states) (e) State statutes (apply only in individual states) (f) State administrative regulation (applies only in individual states) (g) Local ordinances (apply only in cities, towns, and other such areas) (h) Case law (court cases, as they interpret all of the other sources, may void sources lower than the source being interpreted).

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A) fixed B) overhead C) opportunity D) target E) variable

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A retail store buyer who dwells on trivial details like the placement of buttons or the stitching on the collar as the reason for not buying, more than likely has ________ objections.

A. pre-emptive B. stalling C. forestalling D. no-need E. hidden

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Answer the following statements true (T) or false (F)

1. The payback method is a screening device and is rarely used as the sole method for deciding whether to invest in an asset. 2. All else being equal, investments with longer payback periods are preferable. 3. Cash inflows from a capital investment arise from an increase in revenues, a decrease in expenses, or both. 4. A major criticism of the payback method is that it focuses only on the time to recover the investment and ignores profitability. 5. The payback method considers cash flows that occur both during and after the payback period.

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A 0-1 programming representation could be used to assign sections of a course to specific classrooms

Indicate whether the statement is true or false

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