QUESTION
What is the definition of statutory laws?
A) laws governing international business activities
B) laws governing domestic business activities
C) written laws created by legislative bodies
D) unwritten laws made by judges ruling on individual cases
E) laws made by government boards, commissions, and agencies
ANSWER
Answer: C
Explanation: C) Statutory laws are written laws, called statutes, that are created by legislative bodies, such as the U.S. Congress, state legislatures, and city councils.
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