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.
Either case would be a denial of the basic principle of the supremacy of the law. Instead, Marshall found a common ground where the Court could chastise the Jeffersonians for their actions while enhancing the Supreme Court's power. His decision in this case has often been hailed as a judicial tour de force. Basically, he declared that Madison should have delivered the commission to Marbury; however, he ruled that the Court lacked the power to issue writs of mandamus.