What are the various kinds or sources of American law? Discuss how these various types of law interrelate to form the system of law in the United States
The sources of American law include the U.S. Constitution and the constitutions of the various states; judicial decisions in precedent-setting cases, the common law that has developed over centuries; statutes passed by Congress and by state legislatures; ordinances passed by local legislative bodies such as city councils; treaties; executive orders; and administrative rules or regulations adopted by federal and state administrative agencies. Constitutions are the supreme law. Federal statutes and treaties are paramount to state constitutions and statutes, and state constitutions and statutes are paramount to local ordinances. Administrative rules and regulations and executive orders of the president have the force of law.
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Which of the following statements is incorrect?
A. An annuity is a series of payments pursuant to a contract. B. Contributions to a pension plan can only be made by the beneficiary. C. A payment to a beneficiary from a pension plan is called a distribution. D. With a qualified pension plan, earnings on plan assets are not taxed in the year earned.
The flow of costs into a Work in Process Inventory account is very similar for job order and process costing systems
Indicate whether the statement is true or false
Which of the following is true of Section 24 of the Securities Act of 1933?
A) It imposes civil liability on any person who violates the provisions of Section 5 of the act. B) It imposes criminal liability on any person who willfully violates the 1933 act or the rules or regulations adopted. C) It imposes civil liability on persons who intentionally defraud investors by making misrepresentations of material facts in the registration statement. D) It exclusively regulates the sale of securities online.
Which organizational strategy is consistent with an adaptive orientation?
a) Multinational strategy b) Global strategy c) Transnational strategy d) Local strategy