Which of the Following Is a Criterion Under Rule 702

question 4

Multiple Choice

Which of the following is a criterion under Rule 702 of the Federal Rules of Evidence for an expert testimony to be admissible?

• A) The testimony can be accepted within the professional community.
• B) The testimony is based on reliable assumptions.
• C) The testimony is given in relation to scientific, technical, or other specialized knowledge.
• D) The testimony is the product of reliable principles and methods.

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Definitions:

Operating Expenses

Operating expenses are the costs associated with running a business’s core operations on a day-to-day basis, excluding the cost of goods sold.

Minimum Required Rate of Return

The minimum return on an investment that is deemed acceptable, based on the risk tolerance of an investor or a company.

Variable Cost per Unit

The cost associated with producing one unit of a product, which varies with the level of production or sales volume.

Annual Fixed Costs

The total fixed costs a company incurs over a year, which do not vary with the level of production or sales.