The legal realism approach treats laws as a tool that needs to be regularly reexamined and adjusted. It defines legal rights and legal duties as whatever the courts say they are whereas "natural law" treats laws as evolved to reflect the principles found in nature. It’s a body of unchanging moral principles regarded as a basis for all human conduct.
In the supply curve and the demand curve, the equilibrium is reflected where the two curves intersect.
<u>Explanation:</u>
Equilibrium is fundamentally the condition in which the factors involved in the operation achieve balance of values with respect to each other. In the discipline of market economics, two major factors involved are that of supply and demand.
The equilibrium between supply and demand is achieved when the demand for a commodity or a service in the market is equal to the supply of the respective commodity or service.
When represented graphically, the condition of equilibrium is depicted through the intersection of the demand and supply curves.
Answer:
(A) Variable costing treats fixed overhead as a period cost.
Explanation:
Variable costing is an important concept in accounting. Under this method, manufacturing overhead is incurred in the period that a product is produced. Variable costing includes only variable manufacturing costs (direct materials, direct labor, and variable manufacturing overhead) in unit product costs. Moreover, it treats fixed overhead as a period cost.
Answer:
Fundamental attribution error; Responsible; Foolish
Explanation:
The fundamental attribution error is our tendency to explain someone's behavior based on internal factors, such as personality or disposition, and to underestimate the influence that external factors, such as situational influences, have on another person's behavior.
The first dictator of the Roman empire was Titus Lartius Flavus and he was appointed in 501 BC.
