The Act of Other Interested Parties Joining as Parties to an Existing

question 68

Multiple Choice

The act of other interested parties joining as parties to an existing lawsuit is termed as ________.

• A) intervention
• B) consolidation
• C) class action
• D) arbitration

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Definitions:

Merchandising Business

A type of business that purchases goods and sells them at a higher price without changing their form.

Merchandising Income Statement

A financial statement that shows the gross profit, operating expenses, and net income of a company that buys and sells goods.

Administrative Expenses

Administrative Expenses are costs related to the general operation of a business, including expenses such as office supplies, salaries of administrative personnel, and rent.

Operating Income

Income generated from the normal business operations of a company, excluding expenses such as interest and taxes.