Federal courts handle:
a. civil cases that are above some dollar amount, usually $10,000.
b. nearly every type of case in the United States, including most fraud cases.
c. cases relating to the U.S. Constitution or federal laws only.
d. criminal cases that are below some dollar amount, usually $20,000.
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct. Cases that involve federal laws or include several states.
d. Incorrect.
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The theory that for a firm to successfully invest overseas, it must have not only ownership of unique knowledge or resources, but also the ability to dynamically create, sustain, and exploit these capabilities over time, is known as
A. internationalization theory. B. eclectic theory. C. strategic behavior theory. D. dynamic capabilities theory. E. internalization theory.
Which of the following correctly ranks the types of crimes from most serious to least serious?
A) Felonies, violations, misdemeanors B) Felonies, misdemeanors, violations C) Misdemeanors, felonies, violations D) Violations, misdemeanors, felonies E) Violations, felonies, misdemeanors
John owns a thoroughbred horse named Prince Charming that just ran in the Kentucky Derby. Prince Charming came in last, much to John's frustration and embarrassment. John exclaims in a loud voice, "I'm selling that horse to the first person who hands me $100!" John has
a. made an offer to anyone within hearing distance and will be bound by his offer to the first person who produces $100. b. made a firm offer and will be bound by his offer for a reasonable period of time. c. made an acceptance to the first person who can produce $100. d. not made an offer because under the circumstances a reasonable person would not conclude that John had intent to make an offer.
Which of the following statements about reinsurance is true?
A) A reinsurer may not purchase reinsurance. B) The reinsurer is the first insurer that provides claims services to the insured after a loss occurs. C) The amount of insurance transferred to a reinsurer is called the net retention. D) The insurer transferring business to a reinsurer is called the ceding company.