In Which of the Following Cases Would There Be Federal

question 89

Multiple Choice

In which of the following cases would there be federal subject matter jurisdiction?

• A)a case in which the Justice Department is prosecuting for criminal violations of the Sherman Act
• B)a case in which a Texas resident is suing a Wisconsin company for a refund of $1,000.00
• C)a case in which two Arizona partners are suing each other
• D)a case in which the state attorney general is prosecuting a corporation for violation of state antitrust laws

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Definitions:

Current Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with its short-term assets, indicating liquidity.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available to run its day-to-day operations.

Current Liabilities

Obligations that are due within one year or within the normal operating cycle of the business, whichever is longer.

Days' Sales In Inventory

Days' Sales in Inventory is a financial ratio that indicates the average time in days that a company takes to turn its inventory into sales.