In Diversity of Citizenship Cases,if a Case Involves Multiple Plaintiffs

question 22

Multiple Choice

In diversity of citizenship cases,if a case involves multiple plaintiffs with separate and distinct claims,_____.

• A) at least one of the claims must be approved by the Supreme Court
• B) each claim has to qualify for a writ of certiorari
• C) each claim must satisfy the jurisdictional amount
• D) only one claim has to satisfy the jurisdictional amount
• E) the sum total of all claims must be lower than the jurisdictional amount

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Definitions:

Operating Assets

Long-term assets used in the operations of a business, including property, plant, and equipment, that generate income.

Net Operating Income

The profit generated from a company’s everyday business operations, calculated by subtracting operating expenses from revenue.

Minimum Required Rate

The lowest rate of return or discount rate acceptable for a project or investment to proceed.

Residual Income

Residual Income (RI) is the net income an organization generates beyond the minimum rate of return on its investments.