Which of the Following Statements Regarding Federal Judges Is True

question 10

Multiple Choice

Which of the following statements regarding federal judges is true?

• A) They are chosen in a secret process.
• B) They are elected by the people.
• C) They are appointed for life.
• D) They are chosen by Congress.
• E) They are appointed for a six-year term.

---

Definitions:

Disposal

The elimination of an asset from the balance sheet, typically due to sale, loss, or obsolescence.

Machinery

Physical assets used in a business operation to manufacture or produce goods.

Gain on Disposal

Gain on disposal refers to the financial profit made from selling an asset for more than its carrying amount on the books.

Market Value

The current price at which an asset or service can be bought or sold in an open market.