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.
Marbury v. Madison esablished the power of The U.S. Supreme Court (and by extension the federal court system) to review statutes. Before that decision, the supreme court did not exercise it's powers over the executive and legislative branches. All three decisions were made by a supreme court whose chief justice was John Marshall. John Marshall shaped numerous court decisions which cemented the supremacy of federalism over states rights in the early republic.