The Power of Courts to Hear and Decide a Case

question 43

Multiple Choice

The power of courts to hear and decide a case is known as

• A) jurisdiction.
• B) constitutionality.
• C) judicial review.
• D) accommodation of interests.

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Definitions:

Proxy Fights

Efforts by a group of shareholders to alter company management or policies by persuading other shareholders to vote in a way that is contrary to the current management's wishes.

Agency Problem

A conflict of interest arising between parties in a transaction, typically between the principals (owners) and the agents (managers) of a company, where the agent may not act in the best interest of the principal.

Merger

The combination of two or more companies into a single company, where they operate as a single legal entity.

Management Bonus

Additional compensation awarded to managers or executives, often linked to performance criteria or achievements.