Which of the Following Statements Is True About in Rem

question 92

Multiple Choice

Which of the following statements is true about in rem jurisdiction?

• A) When the owner of a property cannot be located for personal service, a court with in rem jurisdiction could order the property sold.
• B) If the property under dispute is outside the state, but the owner is within the state, the court has in rem jurisdiction over the property.
• C) In rem jurisdiction grants a court the power to review a previously made decision.
• D) In rem jurisdiction grants a court the power to try a case without a jury.

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Definitions:

Variable Costing

Accounting method that considers only variable costs (costs that change with production volume) in the calculation of product cost, excluding fixed costs.

Variable Costing

An accounting approach where only variable production costs (direct materials, direct labor, and variable manufacturing overhead) are included in product costs, with fixed overhead treated as a period expense.

Unit Product Cost

The total cost associated with producing a single unit of product, including direct materials, direct labor, and allocated overhead.

Absorption Costing

An accounting method that includes all manufacturing costs (direct labor, direct materials, and both variable and fixed manufacturing overhead) in the cost of a product.