Inventory is usually a businesss largest asset. The instant inventory levels are established, they become an important input to the budgeting system. Inventory decisions involve a delicate balance between three classes of costs: ordering costs, holding costs, and shortage costs.
Marbury v. Madison, arguably the most important case in Supreme Court history, was the first U.S. Supreme Court case to apply the principle of judicial review -- the power of federal courts to void acts of Congress in conflict with the Constitution.ut, by his timely assertion of judicial review, the Court began its ascent as an equal branch of government -- an equal in power to the Congress and the president. Throughout its long history, when the Court needed to affirm its legitimacy, it has cited Marshall's opinion in Marbury v. Madison.
In conclusion, constitutional principles are the foundations upon which the procedural requirements, the traditional grounds of challenge and the remedies of judicial review have been developed. Clearly, constitutional principles lie at the very core of the traditional judicial review principles, and are underpinned by its very nature. Judicial review has been developed to guard individual rights, including those incorporated by the Human Rights Act 1998, protecting individuals against any arbitrary action and any potential act of tyranny that would be created by the abuse of executive power.