Your Text Defines an Original Jurisdiction as

question 153

Multiple Choice

Your text defines an original jurisdiction as

• A)the view that a court of law is a neutral arena in which two parties argue their differences and present their points of view before an impartial arbiter.
• B)the power of a court to refuse to enforce a law.
• C)the authority of a court to review decisions made by lower courts.
• D)a dispute growing out of an actual case or controversy that is capable of settlement by legal methods.
• E)the authority of a court to hear a case "in the first instance."

---

Definitions:

Loss

A deficit of sales revenue relative to the opportunity cost of production. Losses are a penalty imposed on those who produce goods even though they are valued less than the resources required for their production.

Maximum Daily Profit

The highest possible profit a business can achieve in a single day based on its operational and financial constraints.

Market Price

The present cost at which a product or service is available for purchase or sale in a specific marketplace.

Firm

An organization engaged in commercial, industrial, or professional activities, either for-profit or not-for-profit.