Which of the Following Statements About the U

question 86

Multiple Choice

Which of the following statements about the U.S. Courts of Appeals is INCORRECT?

• A) The appeals courts were created by Congress, not by the Constitution.
• B) The appeals courts are able to hear all cases involving federal law, but not constitutional law.
• C) About 20 percent of federal cases are heard by the appeals courts.
• D) There are more than ten appeals courts in the United States.
• E) Except for cases selected for review by the Supreme Court, decisions made by an appeals court are final.

---

Definitions:

Desired Rate

An expected or targeted rate of return or interest rate that an individual or company aims to achieve on investments or projects.

Average Rate of Return

A profitability gauge for investments, determined by dividing the initial investment cost into the average yearly profit.

Present Value Factor

A factor used to calculate the present value of a cash flow to be received in the future.

Cash Payback Period

The period of time required for the return on an investment to "repay" the original capital cost of the investment.