Which of the Following Is True Regarding State and Federal

question 41

Multiple Choice

Which of the following is true regarding state and federal court jurisdiction?

• A)State courts begin with exclusive jurisdiction until a federal court intervenes.
• B)In all cases,state courts have concurrent jurisdiction with the federal courts.
• C)Federal courts begin with exclusive jurisdiction until a state court intervenes.
• D)In all cases,state courts have exclusive jurisdiction unless the state's supreme court grants jurisdiction to a federal court in the state.
• E)In some cases,state courts have exclusive jurisdiction; in some cases,state courts have concurrent jurisdiction with the federal courts; and state courts have the power to hear all cases not within the exclusive jurisdiction of the federal court system.

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Definitions:

Annual Sales

The total revenue generated from the sale of goods or services over the course of a year.

CCA Class

A categorization within the Canadian taxation system specifying the depreciation rate applicable to different types of property or equipment for tax purposes.

Net Present Value

A calculation that determines the present value of an investment's expected cash flows, minus the initial investment cost, taking into account the time value of money.