The Term Ripeness in Reference to a Lawsuit Arising Out

question 63

Multiple Choice

The term ripeness in reference to a lawsuit arising out of administrative decisions means:

• A)The plaintiff has been victorious in their actions against the agency
• B)The plaintiff has exhausted all necessary administrative remedies before engaging in judicial remedies
• C)The plaintiff is pro-se,meaning they have no attorney and represent themselves
• D)The action is against an international agency

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Definitions:

Net Loss

The amount by which expenses exceed revenues.

Adjustments

These are entries made in accounting to record expenses that have occurred but are not accurately represented in the financial statements at the end of the accounting period.

Journal

A detailed record where all financial transactions of a business are initially recorded before being summarized in the ledger.

Ledger

A ledger is a comprehensive collection of accounts used in accounting to record and summarize all financial transactions.