What is a price ceiling?
A. The maximum price the government allows sellers to charge for a product
B. A form of price skimming that allows companies to set prices as high as they want
C. The minimum wage the government requires that companies pay employees for hourly work
D. A penetration pricing strategy
Please select the best answer from the choices provided

Answers

Answer 1

Answer:

A

Explanation:

The maximum price the government allows sellers to charge for a product

Answer 2

The maximum price the government allows sellers to charge for a product is a price ceiling. Thus option A is correct.

What is the price?

Price, which is decided upon during a deal, is the dollar value of the good, commodity, or resource. That whenever a seller or manufacturer has monopoly power, they are referred to as price producers.

As the price is being charged for the product or the service that is being rendered. The price is charged by the seller. The price that is asked will be based on the cost and the profit that is what the seller wants.

But the seller can not charge the price for any goods they want. For that, the price ceiling is incorporated.  This will be the maximum amount that the seller will charge for the goods.

Therefore, option A is the correct option.

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Related Questions

The beneficiary of a credit life insurance policy is the:

Answers

The beneficiary of a credit life insurance policy is the lender that provided the funds for the debt being insured.The lender is the sole beneficiary,so your heirs will not receive a benefit from this type of policy.

A beneficiary can either be your offspring or financially dependent family members like your spouse,aging parents,siblings,etc.A beneficiary can also be a financial institution like a bank who has given you a loan or other finance.Credit life insurance is issued on the life of the person who has the debt debtor and the creditor owns and is the beneficiary of the policy. There are two scenarios for endowment policy maturation.That is, the insured party should not be the owner of the policy,but rather,the beneficiary should purchase and own the policy. If your beneficiary such as your spouse or children purchases the policy and pays the premiums,the death benefit should not be included in your federal estate.

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The study of economics focuses most on...
A. all of the above
B. explaining how people deal with scarcity
C. explaining how incomes are earned and jobs are created
D. studying how things are made bought, sold, and used

Answers

A, all of above because they are all the study of economics

Which one of the following is not an integral part of the managerial process of crafting and executing strategy?
a. Developing a strategic vision
b. Choosing a strategic intent
c. Setting objectives and crafting a strategy to achieve them
d. Evaluating performance and initiating corrective adjustments in the company's long-term direction, objectives, strategy, or execution in light of actual experience, changing conditions, new ideas, and new opportunities
e. Implementing and executing the chosen strategy efficiently and effectively

Answers

Developing a strategic vision one of the following is not an integral part of the managerial process of crafting and executing strategy.

Option A is correct.

What is a strategy for execution?

The process of carrying out a business or organization's strategic plan in an effort to achieve its objectives is referred to as strategy execution. It involves daily structures, operational goals, and systems that prepare individuals tasked with particular responsibilities in an organization for success.

Why is strategy execution important?

The process of putting a company's strategic plan into action to get the results it wants is called strategy execution. It is an essential step in the process of strategic planning and can determine success or failure.

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What is a likely trend for social media in the future?

You may see smaller groups forming.
You may see more diverse groups forming.
You may see larger groups forming.
You may see less specific groups forming.

Answers

Answer:

I would go with either A or B.

Explanation:

Not all social media trends start in large groups. Some can start by 1 person.

Answer:

I will go with the second one because the world is becoming more excepting of other groups besides their own

Explanation: can I get brainliest i have never got it

Which aspect of writing business reports relates to the component of credibility known as competence?.

Answers

Providing facts that help decision makers' aspect of writing business reports relates to the component of credibility known as competence.

Competence is the capacity to perform an action successfully. You have the ability to complete a task or job successfully. The knowledge and abilities required to solve a quadratic equation are examples of competence. Alternately, it could include the considerably more extensive and varied sets of talents required to run a multinational organization.

The objective and subjective aspects of a source's or message's plausibility are included in credibility. The concept of "Ethos" is concerned with the speaker's persona.

Trustworthiness and expertise, which both have objective and subjective components, are the two main components of credibility. Although established reliability is an objective criterion, trustworthiness is primarily based on subjective criteria.

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SOS

A country has a trade deficit of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country decreases its exports bus 10 billion.
B. The country increases its exports by $30 billion.
C. The country decreases its imports by $10 billion.
D. The country increases its imports by $30 billion.

Answers

B) the country increases its exports by $30 billion

Explanation:

I took a quiz

Answer:

increases its export 30 million

Explanation:

What are TWO types of errors which would not be disclosed by a trial balance?​

Answers

Answer:

Let me explain

Explanation:

A trial balance is a statement that lists all the accounts in the general ledger along with their debit or credit balances. It is used to ensure that the total debits equal the total credits and to detect any errors in the accounting records. However, there are certain types of errors that may not be disclosed by a trial balance. Two examples of such errors are:

1. Error of Omission: This type of error occurs when a transaction is completely left out of the accounting records. For example, if a payment is made to a supplier but is not recorded in the accounts payable ledger, the trial balance will still balance because the payment is recorded in the cash account. However, the accounts payable balance will be understated, and the financial statements will be incorrect.

2. Error of Commission: This type of error occurs when a transaction is recorded incorrectly. For example, if a payment of $1,000 is recorded as $100 in the accounts payable ledger, the trial balance will not balance because the total debits will not equal the total credits. However, the error will not be immediately obvious, and it may be difficult to locate and correct.

In summary, a trial balance may not detect errors of omission, where transactions are completely left out of the accounting records, and errors of commission, where transactions are recorded incorrectly.

When a company performs services for a customer, and the customer agrees to pay for the services at a later date, the transaction is recorded in which account?

Answers

Beach hut deli gave the awnser

how does a production possibilities curve illustrate opportunity cost

Answers

When given the option of creating two commodities or services, the Production possibilities Curve (PPC) is a model that reflects scarcity and the expenses of options. Within opportunity cost the PPC, points are inefficient, within the PPC, points are efficient, and beyond the PPC, points are unreachable.

In economics, the maximum output of two items with a fixed amount of input is measured by a production possibilities curve. Any combination of the four production factors natural resources (including land), labour, capital goods, and entrepreneurship represents the input. The PPF illustrates that an increase in one commodity's production can only occur when the supply of the other commodity falls. Managers can use the PPF as a tool for making decisions when determining the best product mix for their organisation.

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Which is the end result of a review process that shows voluntary compliance with guidelines of an external, nonprofit organization

Answers

The end result of a review process that shows voluntary compliance with guidelines of an external, nonprofit organization can be a certification or accreditation.

A certification is a recognition that an organization has met certain standards set by an external body. This recognition is often displayed through a logo or seal that can be used on the organization's marketing materials. Accreditation, on the other hand, is a more comprehensive review process that evaluates an organization's entire operations, including its policies, procedures, and practices.

Accreditation is typically a more involved process that requires an organization to demonstrate ongoing compliance with standards over time. Both certifications and accreditations are voluntary and demonstrate an organization's commitment to meeting certain standards of quality or best practices.

These recognitions can be valuable for marketing and branding purposes, as well as for establishing credibility and trust with customers or stakeholders. Additionally, certifications and accreditations can help an organization identify areas for improvement and establish a culture of continuous improvement.

Overall, voluntary compliance with external nonprofit organization guidelines can lead to a variety of benefits for an organization, including improved reputation, increased customer trust, and enhanced operational excellence.

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An organization's system of internal control is designed primarily to:
A. ensure that no employees steal the organization's property.
B. increase efficiency by letting one employee handle all aspects of a transaction from beginning to end.
C. ensure that the organization's balance sheet will always balance.
D. provide an operating framework for all employees as they work to achieve the organization's goals.

Answers

An organization's system of internal control is designed primarily to: (D) provide an operating framework for all employees as they work to achieve the organization's goals.

Internal control is the part of the company that includes the accounting and auditing section. Thus, the people associated with internal control are involved in the management of finances of the company and also make sure that the goals of the company are achieved without any fraudulent activities.

Organizational goals are the targets of the company that it sets to achieve. The goals can be considered as a promise to the customers that the organization makes though these goals.

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Indicate whether each statement best describes the allowance method or the direct write-off method. Method List 1. Does not predict bad debts expense. 2. Accounts receivable on the balance sheet is reported at net realizable value. 3. The write-off of a specific account does not affect net income. 4. When an account is written off, the debit is to Bad Debts Expense. Usually does not best match sales and expenses because bad debts expense is not recorded until an account becomes uncollectible, which usually occurs in a period after the credit sale 6. Estimates bad debts expense related to the sales recorded in that period. 5 5

Answers

Using a direct write-off, allowance strategy, Using a direct write-off, allowance strategy, allowance strategy, allowance strategy.

A system of guidelines and procedures used by firms to track financial transactions and create financial statements is known as an accounting technique. It contains a number of rules, regulations, and processes that specify how financial data ought to be presented and reported. Accrual accounting and cash basis accounting are the two primary accounting techniques. Regardless of when the money is received or paid, accrual accounting records revenues and expenses as they are incurred. Contrarily, cash basis accounting only records revenues and expenses when actual cash is received or paid. Businesses need to use accounting methods because they control how financial transactions are presented and documented, which has an effect on the accuracy and dependability of financial statements. For organisations, selecting an accounting method properly is essential.

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Identify two simplifying assumptions associated with discounted cash flow methods of making capital budgeting decisions.

Answers

The idea that all cash flows happen at the end of a period is one. Another is the prompt reinvestment of all cash inflows at a rate of return equal to the discount rate.

What is capital budgeting?

A business uses capital budgeting to decide which planned fixed asset purchases it should approve and which it should reject. Each proposed fixed asset investment is given a quantitative assessment through this procedure, providing a sound foundation on which to base a decision. In corporate finance, capital budgeting and investment evaluation refer to the planning process used to assess whether a business should make long-term investments in new or replacement machinery.

The term "discounted cash flow" (DCF) refers to a method of valuation that calculates an investment's value based on its anticipated future cash flows. Using estimates of how much money an investment will make in the future, DCF analysis seeks to evaluate the value of an investment today.

The idea that all cash flows happen at the end of a period is one. Another is the prompt reinvestment of all cash inflows at a rate of return equal to the discount rate.

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prime factorization of 1624​

Answers

Answer:

1624 = 2, 4, 8, 7, 56, 29, 1624 divided by 2, 2, 2, 7, 29

Explanation:

start by dividing the number by the first prime number which is 2.and continue dividing. only can divide by prime numbers since it's prime factorization.

cardi b reported the following data for her company in 2019: net operating income $65,000 beginning operating assets ??? ending operating assets $562,000 return on investment 0.11 based on the information above, what was the beginning balance of operating assets for 2019? round your answer to the nearest dollar. you answered correct answer 619,818

Answers

The beginning balance of the operating assets fro 2019 comes to  $619 818.18

What is the computation showing the above answer?

The Equation for Return on operating asset = Net operating income for the year/(average operating assets)

Net operating income = $65,000

Ending operating asset = $562,000

Average operating assets = (beginning operating assets + ending operating asset)/2

Therefore,

Average operating asset = net operating income/ return on investment

= $65,000/0.11

= $590,909.09

Therefore,

beginning operating asset + ending operating asset = $590,909.09*2

= $1,181,818.18

So, beginning operating asset = 1,181,818.18 - ending operating asset

= $1,181,818.18- $562,000

= $619 818.18

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Explain the impact of price and nonprice competition on business.

Answers

Answer: Price Competition:

Exists when marketers complete on the basis of price. In price competition, the marketers develop different price strategies to beat the competition.

They generally set a same or low price of a product than that of the competitors to gain the market share.

Generally, the prices are changed to cover the costs or increase the demand. For instance, Coca-Cola and Pepsi are close competitors, thus, they often engage in price wars. The major disadvantage of price competition is that the competitors have flexibility to change the prices of products.

ii. Non-price Competition:

Explanation:

attaining certification in security management is a long and difficult process, but once attained, an organization remains certified for the life of the organizationT/F

Answers

False. Attaining certification in security management is typically not a one-time process that remains valid for the entire life of an organization. Security management certifications, such as Certified Information Security Manager (CISM) or Certified Information Systems Security Professional (CISSP), usually require ongoing maintenance and renewal.

Certification bodies often require certified professionals to earn continuing education credits or meet specific requirements to demonstrate their continued knowledge and competence in the field. This helps ensure that certified individuals stay up-to-date with the evolving security landscape and maintain their proficiency in security management practices. Therefore, while achieving certification is indeed a significant accomplishment, it is important for professionals to actively maintain and renew their certifications periodically to retain their certified status.

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the multiple rates of return problem is the possibility that more than one discount rate may make the net present value of an investment equal to:_________

Answers

The multiple rates of return problem is the possibility that more than one discount rate may make the net present value of an investment equal to zero.

The multiple rates of return problem arises when a project has multiple rates of return (MIRR) because it has two or more variations of the internal rate of return (IRR). The multiple rates of return problem is a situation where there is no single discount rate that will give a net present value (NPV) of zero or the investment. An investment's net present value (NPV) is calculated using the initial investment and expected cash flows.

If the NPV is positive, the investment should be undertaken because it would generate a return above the cost of capital, whereas if it is negative, the investment should be avoided because it would generate a return below the cost of capital. If the NPV is zero, the investment may or may not be undertaken based on additional considerations. However, in the event of multiple rates of return, the decision to undertake or avoid the investment becomes more difficult because it is unclear which rate to use.

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what planning tool can be used during the planning part of the management process to answer the question, what is the situation now?

Answers

The planning tool that can be used during the planning part of the management process to answer the question, the situation now is: SWOT Analysis

What is  SWOT Analysis?

SWOT Analysis  can  be defined as the tools used by companies to identify their strength as  well as weaknesses.  SWOT Analysis can enables a company to plan  effectively and to as well know how to combat their challenges when faced with one.

SWOT stand for :

S = strengths

W= Weaknesses

O= Opportunities

T= Threats


Therefore the planning tools is  SWOT Analysis.

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Determine the monthly payment for a 36 month lease on a $26,000 car with a residual of 71% and an interest rate of 7. 5%.

Answers

the monthly payment for a 36 month lease on a $26,000 car with a residual of 71% and an interest rate of 7. 5% is $348.38 .

What is the explanation in steps?

Amount of months is 36.

$26,000 is the lease amount.

Residual value is 71%, which is 0.71 times $26,000, or $18460.

7.5% interest rate

Step 1: Use the following formula to get the monthly financial charge:

Money factor = (Lease amount + Residual value) x (26000 + 18460) x 0.003125 = Monthly Financial Charge, which equals $138.94.

Step 2: Use the following calculation to get the lease amount:

Monthly Lease Amount = Monthly Depreciation + Financial Charge, which adds up to 209.44 + 138.94 to $348.38.

Therefore the answer is . $348.38

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5. Broadly explain the components of balance of payments. Make sure that you describe what these items measure. Can surplus/deficits of these items be related to the macroeconomic fundamentals and economic policy?

Answers

Balance of payments refers to the systematic record of economic transactions that take place between residents of one country with those of another country. The balance of payments comprises two significant components; the current account and the capital and financial account.

The current account is made up of four categories:  

1. Goods: It refers to the exports and imports of physical goods, raw materials, and finished products. It measures the balance of trade, which is the difference between export earnings and import expenses.

2. Services: It measures the exports and imports of intangible services like tourism, transportation, and financial services.

3. Primary Income: It measures the net income earned by foreign assets held in the country minus the income earned by local assets held abroad.

4. Secondary Income: It measures the donations, remittances, and taxes paid to the government. capital and Financial Account The capital and financial account represent capital flows between the residents of one country with the residents of another country.

The capital and financial account consists of two components:

1. Capital account: It measures the transfers of non-produced, non-financial assets between residents of different countries.

2. Financial account: It measures the purchases of financial assets and liabilities between residents of different countries.

The balance of payments surplus or deficit of each component can be linked to macroeconomic fundamentals and economic policies. The current account reflects a country's competitiveness in the global market and its ability to pay for imports, invest in foreign countries and support its currency.The capital and financial account reflects a country's attractiveness as an investment destination. A surplus in this account indicates that the country is attracting more foreign investments than it is investing abroad. It means that it is a net receiver of foreign investment.In conclusion, balance of payment is an essential tool for macroeconomic analysis. It helps the government to develop policies that will enhance their competitiveness in the global market.

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In 2003, the fraudulent accounting practices at ____________, a Houston-based energy company, was the largest of several business scandals of the early 21st century, in which corporate executives inflated company revenues for self-gain and ultimately created widespread distrust of corporate culture, costing investors billions of dollars as well as employees their pensions.

Answers

Answer: Enron

Explanation:

Enron scandal was an accounting scandal that involved Enron Corporation, which was an American energy company that was based in Houston, Texas.

Enron hid huge amount of trading losses, which led to its bankruptcy. The company used fraudulent accounting practices in order to inflate the revenue of the company and.hid the debt that the company incurred.

Jordynne was the manager of Pets-R-Us, a pet store in Southern Valley Mall. Pets-R-Us had a one-year lease, and rent payments were $2,000.00 per month. Five months into the lease, Jordynne found a better site for the pet store. She notified Southern’s manager, vacated the mall, and moved her store to its new location. After two months, Southern was able to re-lease the premises to another retail store, but at a reduced rent of $1,800.00 per month. If Southern successfully sues Pets-R-Us, Southern will likely receive:_________

Answers

Southern is likely to receive $14,000 for damages

A lease such as the one between Jordynne and Southern represents a contract. Due to this, it is expected both parties met the conditions previously agreed. This means:

Jordynne should have stayed in the first site for a year.Southern cannot ask Jordynne to leave the site she rented.

In this context, it was Jordynne the one that breached the contract, as a consequence Southern can sue her. In this case, it is expected Jordynne has to pay the rent for the months she was not in Southern Vally Mall.

$2,000 x 7 months (she left in the fifth month) = $14,000

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how does Comparative Advantage Theory explain the motivation of international business ?
Expert Answer

Answers

Comparative Advantage Theory explains the motivation of international business as nations benefit from trading with each other when they have different comparative costs of production.

The motivation of international business is explained by the Comparative Advantage Theory, which claims that nations benefit from trading with each other when they have different comparative costs of production. The concept of comparative advantage, according to the theory, is based on the opportunity cost of producing a good or service. When a country has a lower opportunity cost of producing a specific good or service, it has a comparative advantage in that good or service.

The theory suggests that nations should specialize in the production of goods and services in which they have a comparative advantage and then trade with other nations that specialize in the production of different goods and services. When nations specialize in the production of goods and services in which they have a comparative advantage, they can produce more goods and services at a lower cost and can then trade them with other nations for goods and services that they cannot produce at a lower cost. This results in increased efficiency, productivity, and output for all nations involved, leading to economic growth and development.

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A company wants to determine what price consumers will pay for a new sandwich. At one store, the company charges $3. 59. At another comparable store, the company charges $4. 59. Sales are tracked at both locations for a one-month period. The data collected in this example is __________ data

Answers

Sales are tracked in both locations over a period of one month. The data collected in this example is quantitative data.

What is quantitative data?

It corresponds to information that can be measured numerically, that is, it is numerical and statistical data, generating non-subjective and reliable conclusions.

Therefore, quantitative data provide a structured and reliable basis for a research project, through information measured by graphs, indexes and calculations.

In this case, since the company wants to determine what price consumers will pay for a new sandwich. and compares the prices at the locations, the data collected in this example is qualitative data.

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Which of the following is NOT one of the four components of the business process

Answers

Answer:

mark me as the brainliest plss

Which of the following is NOT one of the four components of the business process

Examples of employee voluntary deductions may include?

Answers

Voluntary deductions are sums that an employee chooses to have taken out of their gross compensation. Examples include deductions for credit union membership, healthcare and/or other benefits, group life insurance, etc.

What is a voluntary deduction that is not

Federal and state income taxes, FICA taxes, and wage garnishments are all required deductions. Post-tax deductions include garnishments, charity contributions, and Roth IRA retirement plans. Life insurance, work-related expenses, and retirement plans are voluntary deductions.

Two instances of voluntary deductions:

Unforced Subtractions. Voluntary deductions are sums that an employee chooses to have taken out of their gross compensation. Examples include deductions for credit union membership, healthcare and/or other benefits, group life insurance, etc.

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Will the grading period effect what college you will go to later on?
A (True)
B (False)

Answers

Answer: A

Explanation:

Answer:

NO

Explanation:

Velocity, a consulting firm, enters into a contract to help Burger Boy, a fast-food restaurant, design a marketing strategy to compete with Burger King. The contract spans eight months. Burger Boy promises to pay $45,000 at the end of each month. At the end of the contract, Velocity either will give Burger Boy a refund of $15,000 or will be entitled to an additional $15,000 bonus, depending on whether sales at Burger Boy at year-end have increased to a target level. At the inception of the contract, Velocity estimates an 80% chance that it will earn the $15,000 bonus and calculates the contract price based on the expected value of future payments to be received. At the start of the fifth month, circumstances change, and Velocity revises to 60% its estimate of the probability that it will earn the bonus. At the end of the contract, Velocity receives the additional consideration of $15,000.

Answers

Answer:

B

Explanation:

Dividends create a tax disadvantage for investors. Is this
statement true for all investors and all markets? Under what
conditions is it not true?

Answers

The statement "Dividends create a tax disadvantage for investors" is not universally true for all investors and all markets. Whether dividends create a tax disadvantage depends on several factors, including the tax laws and regulations of a specific country or jurisdiction, the investor's tax bracket, and the investment strategy employed.

In some countries, dividends may be subject to higher tax rates compared to other types of investment income. In such cases, investors may face a tax disadvantage when receiving dividend payments. However, in other jurisdictions, there may be preferential tax treatment for dividends, such as lower tax rates or tax credits, which can offset or eliminate any tax disadvantage.

Furthermore, the impact of dividends on an investor's tax situation also depends on their individual tax circumstances. Investors in lower tax brackets may benefit from dividend income as it may be taxed at a lower rate compared to other forms of income, such as interest or capital gains. On the other hand, high-income investors may face a higher tax burden on dividends, potentially creating a tax disadvantage.

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A tessellation, like a mosaic, covers a plane with the same shapes over and over again without any overlaps or gaps. Study the tessellation shown here and answer the questions.A tesellation, like a mosaic, covers a plane with the same shapes over again and again without any overlaps and gaps.Six pairs of figures are marked in the tessellation. Identify which of these pairs of figures are reflections of each other. Set 1 angles a and c are ? and are also ? Set 2 angles b and d are ? and are also?2.2.1)a = 62bdO2)b = 120ad The two triangles shown are similar. Find the value of d/cA. 6/5B. 5/6C. 1.2D. None of the above iron manufacturers made two announcements concerning its common stock today. first, the company announced that the next annual dividend will be $2.10 a share. secondly, all dividends after that will increase by 2.5 percent annually. what is the maximum amount you should pay to purchase a share of this stock today if you require a 10 percent rate of return? Kristen and Ben are making a poster that is 1 1/3 yard by 2 1/3 yard. What is the area of the poster? A. 1 1/9 yd2 B. 3 1/9 yd2 C. 1 1/3 yd2 D. 9 1/3 yd2 A persons emotional stability refers to how intellectual, imaginative, curious, and broad-minded he or she is. True or false?. how can young people (kids, teens) play a part in ending racism? Which of these are consumers in temperate broadleaf forests? (Select all that apply.)A. bearsB. tigersC. wolvesD. foxes write a letter to your friend describing pashupathinath temple? Mr. Khumalo has a Standard Bank Account. The cash deposiverser d counter (branch deposit) services includes air for of R10,39 plus K1,95 per R100 or part thereof, with a mininium charge of R16,00. What is the minimum amount that a person can be chaped for a cash deposit Mr Khumale deposited R4 550,00 over the counter at Standard Bank (2) What is the pigment inside of a leaf that makes it green and absorbs sunlight? Describe the economic impact the 1996 Summer Olympic Games had on the state of Georgia. USE COMPLETE SENTENCES IN YOUR ANSWER!! Find the coordinates of the midpoints of a segment having the given endpoints.Q(-9,-10), R(-7,3)A) (-2,-13)B) (-9.5,-2)C) (-8,-3.5)D) (-1,-6.5) i need help plz !!!!!!! 5. Ms. Peterson earns $18 per hour as a softball team coach and $25 per hour as a math tutor. Last week, she workedboth jobs for a total of 30 hours and earned a total of $610. How long did she do each job? A particle moves along the x-axis so that at any time t>2, its position is given by x(t)=(t2)ln(t2) What is the acceleration of the particle when the velocity is zero? 0 1 1+e1 There is no such value of t.e The equation 2x - y = -7 written in slope-intercept form is ANSWER ASAP 15 POINTSWhat type of counterclaim best strengthens your argument? A counterclaim that agrees with your original claim so there is no opposition A counterclaim that allows you to get emotionally involved with the argument A counterclaim that lets you repeat evidence you have already shared A counterclaim that presents a popular and reasonable opposing perspective The question is on the fill Is Rule of Law of a set of universal principles in accordance withnature (natural law and natural rights)?