Civil Cases That Involve the Citizens of More Than One

question 61

Multiple Choice

Civil cases that involve the citizens of more than one state and in which more than $75,000 is at stake may be heard in either the federal or the state courts, usually depending on the preference of the

• A)judge.
• B)plaintiff.
• C)defendant.
• D)prosecuting attorney.
• E)grand jury.

---

Definitions:

Gross Margin

A company's revenue minus its cost of goods sold, expressed as a percentage of revenue.

Net Working Capital

The difference between a company's current assets and current liabilities, indicating its short-term liquidity and ability to finance its operations.

Current Assets

Current assets are a balance sheet item that represents the value of all assets that can reasonably be expected to be converted into cash within one year, including cash, marketable securities, accounts receivable, and inventory.

Total Assets

The sum of all assets owned by a business, including cash, investments, property, and equipment, representing the resources it has at its disposal.