What is jurisdiction? How does subject matter jurisdiction differ from jurisdiction over the person? How does in personam jurisdiction differ from jurisdiction in rem?


Jurisdiction is the power or authority of a court to hear and decide a case. Subject matter jurisdiction refers to the power or authority of a court to hear a particular kind of case, whereas jurisdiction over the parties to a lawsuit refers to the power of a court to bind the parties to a suit to the decision of the court. In personam jurisdiction refers to the power of a court based on claims against a person in contrast to power against the property of the person. In rem jurisdiction refers to the power of a court based on claims against the property of a person.

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With the equity method, the investor recognizes its share of the earnings of the subsidiary when the

A) investor sells the investment. B) investee pays a cash dividend. C) investee declares a cash dividend. D) investee reports earnings on its income statement.

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A project cost baseline is also called ________.

Fill in the blank(s) with the appropriate word(s).

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In Excel, the expression LN(RAND())*(-m) would generate a(n) __________ random variable with mean m

a. lognormal b. logarithmic c. normal d. exponential

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Initial estimates of the probabilities of events are known as:

A) joint probabilities. B) posterior probabilities. C) prior probabilities. D) conditional probabilities.

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