1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ale4655 [162]
3 years ago
14

Which of the following are characteristic s of customs and usage?

Business
1 answer:
GaryK [48]3 years ago
5 0

Answer:

primary source of law, oral, and repetitive

Explanation:

In legal terms, custom and usage is a doctrine widely used in commercial law, since they are a long established practice which many courts consider unwritten laws. Laws are formal and always written, but custom and usage is not formal nor written.

Usage refers to the general repetition of a certain act, while custom refers to the rules that result from such repetitions and usage.

You might be interested in
A checkmark in the PR column in the general journal means the?
snow_lady [41]

Answer: Option (D)

Explanation:

Checkmark in the post reference column of general journal refers to the fact that amount has been recorded in subsidiary ledger. As for each of the general ledger account there tends to lie a subsidiary ledger and the cumulative balance of the subsidiary ledger is also presented in balance sheet. For example, there are "n" number of the vendors in a business, but in the balance sheet only one account lies under the heading creditors. This is so, as posting entry the sub-ledger of the individual vendor is referred and accordingly, the cumulative balance of all vendors is presented in balance sheet as a final general ledger account.

3 0
2 years ago
A major difference between financial statement auditors and fraud examiners is that most financial statement auditors: a. match
Oksi-84 [34.3K]

Answer: Option A

       

Explanation: An auditor refers to an individual who is certified by an authority to perform an audit. The auditor provides an independent opinion as if the statements of the company are prepared as per the accounting and auditing standards.

Fraud examiners are the individuals who investigates an activity which is concluded to be a fraud already.

The difference between the two is, the auditor initially ascertains if there is a fraud while the fraud examiner tries to ascertain who is guilty of performing the fraud.

Hence from the above we can conclude that the correct option is A.

7 0
2 years ago
Identify two advantages of dollar-value lifo compared with unit lifo.
Gnom [1K]
Can you please explain more? :)
6 0
3 years ago
A ________ system tracks all communications between the company and the customer, the purpose of each communication, and any nec
jeka94
Contact management is a system that tracks all communications between the company and the customer, the purpose of each communication, and any necessary follow-up.
4 0
2 years ago
Leonore's Luxury Leather Footwear Corp. conducted a SWOT analysis and determined that at least 57% of consumers would demand hig
FinnZ [79.3K]

Answer: Forecast.

Explanation:

The predicted increase in sales of of the Leonore's Luxury Leather footware is an example of a forecast of future events. A forecast is an estimation of an event or trend that would possibly occur in the future.

3 0
3 years ago
Other questions:
  • Fair use allows individuals to break copyright so long as they ________.
    5·1 answer
  • Use this information for Train Corporation to answer the question that follow. The following financial information was summarize
    5·1 answer
  • True or false: gross domestic product (gdp) cannot be used to measure the economy’s income. true
    13·1 answer
  • Karl and Leonard want to make trail mix. In order to get the right balance of ingredients for their tastes they bought 2 pounds
    8·1 answer
  • Which aspect of organizing Is concerned with dividing a large task Into smaller tasks and assigning the tasks to the right emplo
    15·2 answers
  • Through the capital budgeting process, financial managers will decide which ___________ the organization will fund.
    15·1 answer
  • Who has a tw octane on rocket leage?
    9·1 answer
  • Michael is the project manager in a manufacturing company. He wants his organization to use technology for higher revenue and pr
    8·2 answers
  • The Changing Workforce The composition of the modern labor force is changing rapidly. Increasing diversity in race, ethnicity, a
    13·1 answer
  • How long after you file taxes does it get approved.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!