ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
refers not only to National Law, but also to a diverse range of state/ territory and Commonwealth acts and regulations that may affect practice.
A
Legislation
B
Regulations
C
professional practice
D
professional standards
Explanation: 

Detailed explanation-1: -Delegated legislation involves the rule-making power to be exercised by the administrative authority. Whereas, in conditional legislation, there is no rule-making power given to the executive. It involves the power to determine when legislation can become effective.

Detailed explanation-2: -Supreme law is legislation enacted by the state’s supreme power, the parliament. Law enacted by an authority other than the Supreme Authority in the exercise of the power granted to it by the Supreme Authority is known as subordinate/delegated legislation.

Detailed explanation-3: -legislation, the preparing and enacting of laws by local, state, or national legislatures. In other contexts it is sometimes used to apply to municipal ordinances and to the rules and regulations of administrative agencies passed in the exercise of delegated legislative functions.

Detailed explanation-4: -The court has the power to modify or cancel laws if it finds that they don’t adhere to the Constitution.

There is 1 question to complete.