Which of the following statements is an argument raised by critics of a natural law school?

A) It requires sophisticated quantitative methodology, relying too heavily upon statistical methods.
B) It is based primarily upon the European rather than American legal thinking.
C) It is overly subjective in a nation of differing cultures and moral values.
D) It is designed for communist and socialist political systems.


C

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A compensating balance used to secure a short term loan should be recorded against its short term borrowing in current assets separate from cash

Indicate whether the statement is true or false

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Which of the following is an employer unfair labor practice prohibited by the Wagner Act?

A) disciplining an employee B) forming an employer-dominated union C) terminating an employee D) refusing to increase wages of employees

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The Institute for Supply Management:

A) establishes laws and regulations for supply management. B) is an agency of the United Nations charged with promoting ethical conduct globally. C) publishes the principles and standards for ethical supply management conduct. D) prohibits backward integration into developing economies. E) grants Ph.D. degrees in purchasing.

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Bell Brothers has $3,000,000 in sales. Its fixed costs are estimated to be $100,000, and its variable costs are equal to fifty cents for every dollar of sales. The company has $1,000,000 in debt outstanding at a before-tax cost of 10 percent. If Bell Brothers' sales were to increase by 20 percent, how much of a percentage increase can one expect in the company's net income??

A. ?15.66% B. ?18.33% C. ?19.24% D. ?21.50% E. ?23.08%

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