Why is constitutional law the foundation of all other types of laws?
Students should discuss the following:
Constitutions protect general, fundamental rights that cannot be changed by other laws.
Constitutional law is the framework for all other forms of law. Other laws are judged by whether or not they are violative of the Constitution.
Example: free speech is protected in the 1st Amendment of the United States Constitution; then other laws and court decisions have built upon that rights to expand, narrow, or attempt to clarify the right.
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The method of determining the cost of a product or service based on the price that customers are willing to pay is called
A) relevant costing. B) differential costing. C) target costing. D) product costing. E) overall costing.
Firms should try to show the value of unsought products through promotion because people do not want them or know that they are available.
Answer the following statement true (T) or false (F)
A cost that differs from one month to another is known as a sunk cost.
Answer the following statement true (T) or false (F)
A feature of a product is called a(n):
A. asset B. appeal C. attribute D. element E. benefit