Which of the Following Is True About Diversity of Citizenship

question 29

Multiple Choice

Which of the following is true about diversity of citizenship jurisdiction?

• A) The plaintiff's attorney is entitled to ask for removal to a federal court where there is diversity.
• B) Diversity of citizenship jurisdiction means that many lawyers enjoy the higher status that comes in practicing before the federal bench.
• C) Defendant' attorneys know that removal is common and that it will move the case along faster by filing in federal court to begin with.
• D) Defense lawyers believe that there is sometimes a "home-court advantage" for a nonresident plaintiff who brings a lawsuit against an in-state in his local state court.
• E) The Constitution established diversity jurisdiction because it feared that local courts would be generous toward people from other states.

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Definitions:

Units-Of-Production Method

A depreciation method that allocates the cost of an asset over its useful life based on the amount of production or use during the period.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, obsolescence, or other declines in value.

Fixed Asset Turnover Ratio

A financial metric used to evaluate how effectively a company uses its fixed assets to generate sales.

Operating Income

The profit realized from a business's core operations, calculated before interest and taxes.