In Cases in Which a Complaint Names Multiple Defendants or Includes

question 188

Multiple Choice

In cases in which a complaint names multiple defendants or includes multiple plaintiffs, a claim asserted by a defendant against another defendant or by a plaintiff against another plaintiff is called a(n)

• A) cross-claim.
• B) counterclaim.
• C) opposition.
• D) answer.

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs, both fixed and variable, in the cost of a product.

Net Operating Income

A firm's income after deducting operating costs, not including taxes and interest.

Operating Loss

A situation where a company's operating expenses exceed its revenues, indicating that it is not currently profitable.

Year 2

Typically refers to the second year in a given context, such as financial reporting, analysis, or planning.