What is jurisdiction? How does subject matter jurisdiction differ from jurisdiction over the parties? 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. A court must have both subject matter jurisdiction and jurisdiction over the parties. In personam jurisdiction refers to the power of a court over a person in contrast to jurisdiction over the property of the person. In rem jurisdiction refers to the power of a court over the property of a person.
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Christian and Jimmy both design and manufacture popular shoes. They believe that one of the department stores that carries both of their designs is undercutting the other department stores' prices. After discussion, Christian and Jimmy decide that they should not sell their shoes to the department store again. What type of restraint is this?
A. Price-fixing. B. Meeting of the minds. C. Market allocation. D. Boycott.
Intangible assets ________.
A) represent assets for which the market value cannot be determined B) are not recorded in the books because they have no physical substance C) convey special rights from patents, copyrights, trademarks, and other creative works D) All of the statements are correct.
When comparing the allowance method of accounting for bad debts with the direct write-off method, which of the following is true?
a. The direct write-off method is exact and also better illustrates the matching principle. b. The allowance method is less exact but it better illustrates the matching principle. c. The direct write-off method is theoretically superior. d. The direct write-off method requires two separate entries to write off an uncollectible account.
Determine the sensitivity range for each objective function coefficient
Max Z = 3x1 + 3x2 Subject to: 10x1 + 4x2 ? 60 25x1 + 50x2 ? 200 x1, x2 ? 0