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Questions
Q:
A lawsuit where a group of plaintiffs with common claims collectively brings a lawsuit against a defendant is known as a(n) ________.
Q:
The act of a court combining two or more separate lawsuits into one lawsuit is called ________.
Q:
The act of others joining as parties to an existing lawsuit is called ________.
Q:
When El Torito Restaurant is deciding how many waiters to hire for a holiday weekend, it is making a decision.A) plant-size B) long-run C) short-run D) fixed-input
Q:
A defendant who believes that he or she has been injured by the plaintiff can file a(n) ________ against the plaintiff.
Q:
The gift shop of a nonprofit, private hospital has cash revenue of $24,000. What account will the hospital credit?A) Unrestricted supportB) Unrestricted revenueC) Temporarily restricted revenueD) Other operating revenue - unrestricted
Q:
The ________ is the party who files a complaint.
Q:
The process of bringing, maintaining, and defending a lawsuit is called ________.
Q:
A pretrial hearing is also known as a settlement conference.
Q:
In deciding the motion for judgment on the pleadings, the judge also considers facts outside the pleadings.
Q:
Motions for summary judgment are supported by evidence outside of the pleadings.
Q:
Voluntary health and welfare organizations (VHWO) measure contributions at fair value unlessA) fair value is less than the original cost of the item.B) the contributed item is not intended to be re-sold by the VHWO.C) fair value cannot be reasonably determined.D) the contributions are not in cash or cash equivalents.
Q:
A firm that is not maximizing profits
A) would never be able to operate in the United States.
B) must not be owned by stockholders.
C) may find it difficult to raise financial capital from external capital markets.
D) is likely to face legal prosecution from the Department of Commerce.
Q:
A pretrial motion is made to try and dispose of all or part of a lawsuit prior to trial.
Q:
Interventionsare written questions submitted by one party to a lawsuit to the other party.
Q:
A depositionis oral testimony given by a party or witness during the trial.
Q:
Upon request, a plaintiff typically receives at least one judicial extension of the applicable statute of limitations period.
Q:
In the above figure, if the budget line is originally line DE and the price of coffee decreases, the consumer willA) drink less coffee and increase bagel consumption slightly. B) drink more coffee and increase bagel consumption slightly. C) drink more coffee and decrease bagel consumption slightly. D) leave consumption of both coffee and bagels unchanged.
Q:
In a case of personal injury due to an accident, the statute of limitations begins to "run" at the time the accident occurs.
Q:
Voluntary health and welfare organizationsA) may not have paid executives or staff.B) are governed by separate GASB statements.C) use fund accounting, following the rules for proprietary fund reporting.D) are supported by, and provide voluntary services to, the public.
Q:
A class action lawsuit is certified only if there is commonality among the plaintiffs' claims.
Q:
When a group of plaintiffs with common claims collectively bring a lawsuit against a defendant, it is known as consolidation.
Q:
The act of people interested in the lawsuit joining as parties to an existing lawsuit is called arbitration.
Q:
A defendant can answer a complaint and file a cross-complaint at the same time.
Q:
Restaurants that allow customers to eat as much as they want for a fixed price must make money or they would not remain in business. How can they earn profits when people can always eat more so that the restaurantʹs costs keep getting higher? What practice that regular restaurants use will not be used by all-you-can-eat places?
Q:
A reply is a document filed by the original plaintiff in response to the defendant's cross-complaint.
Q:
Voluntary health and welfare organizations classify fund-raising costs asA) costs of services sold.B) program services.C) auxiliary expenses.D) supporting services.
Q:
A plaintiff who believes that he or she has been injured by the defendant can file a cross-complaintagainst the defendant.
Q:
Once a default judgment is established, the plaintiff only has to prove damages.
Q:
If the defendant does not answer the complaint, a default judgment is entered against him or her.
Q:
An answer is the defendant's written response to a plaintiff's complaint that is filed with the court and served on the plaintiff.
Q:
A class actionis a court order directing the defendant to appear in court and answer the complaint.
Q:
Use the above figure. Which graph depicts substitute goods?A) A B) BC) C D) D
Q:
Which one of the following statements is not required for voluntary health and welfare organizations?A) A statement of financial positionB) A statement of activitiesC) A statement of functional expensesD) A statement of changes in net assets
Q:
The paperwork that is filed with the court to initiate and respond to a lawsuit is referred to as the pleadings.
Q:
What is the purpose of a pretrial hearing?
A) requesting the other party to produce all documents relevant to the case
B) assessing the factual accuracy of the deposition of witnesses
C) instructing the judge to decide the case without a jury
D) facilitating the settlement of a case before it goes to trial
Q:
A ________ alleges that if all the facts presented in the paperwork filed with the court to initiate or respond to the lawsuit are true, the party making the motion would win the lawsuit when the proper law is applied to these facts.
A) motion for judgment on the pleadings
B) motion for summary judgment
C) motion for judgment notwithstanding the verdict
D) motion to set aside judgment
Q:
Which of the following motions asserts that based on supporting evidence outside the pleadings, there are no factual disputes to be decided by the jury, and the judge can apply the proper law to the undisputed facts and decide the case without a jury?
A) motion for summary judgment
B) motion for judgment on the pleadings
C) motion for a directed verdict
D) motion for judgment notwithstanding the verdict
Q:
________ are written questions submitted by one party to a lawsuit to another party.
A) Depositions
B) Rejoinders
C) Interrogatories
D) Summons
Q:
If the absolute price elasticity of demand is 0.2, a 10 percent increase in the price will causeA) the quantity demanded to decrease by 2 percent.B) the quantity demanded to decrease by 20 percent. C) the quantity demanded to decrease by 5 percent. D) the quantity demanded to decrease by 0.2 percent.
Q:
Which of the following statements is true of a deposition?
A) A deposition has to be a written statement.
B) A witness's deposition is voluntary and not required pursuant to a court order.
C) A deposition is given post-trial.
D) A deponent is allowed to correct his or her answers before signing the deposition.
Q:
Voluntary health and welfare organizations must report expenses classified byA) restriction.B) function and natural classification.C) restriction and natural classification.D) restriction, function and natural classification.
Q:
The term ________ refers to the oral testimony given by a party or witness prior to trial.
A) class action
B) deposition
C) interrogatory
D) intervention
Q:
The state of Idaho has a two-year statute of limitations for personal injury actions. Graham was injured by Alice in a car accident on January 1, 2013. If Graham wants to bring a lawsuit against Alice on January 15, 2015, which of the following is most likely to be the outcome?
A) Graham is allowed to sue Alice after appealing for an extension of the statute of limitations.
B) Graham is not allowed to sue Alice, having lost his right to sue her.
C) Graham can sue Alice but will not receive damages.
D) Graham can sue Alice but is not entitled to a jury trial.
Q:
The statute of limitations establishes the period within which a ________.
A) plaintiff must bring a lawsuit against a defendant
B) defendant must file a written answer against a plaintiff's complaint
C) defendant can file a cross-complaint against the plaintiff
D) motion for judgment on the pleadingscan be made by either party
Q:
Which of the following statements is true about the pretrial litigation process?
A) To initiate a lawsuit, the plaintiff must file an appeal in the proper court.
B) If the plaintiff does not answer a complaint, a default judgmentis entered against him or her.
C) A plaintiff files a cross-complaint against the defendant to seek damages.
D) A default judgment establishes the defendant's liability.
Q:
A gift-in-kind, for which the not-for-profit entity has no discretion on disposition, should be accounted for by the not-for-profit, nongovernmental entity asA) a special purpose contribution.B) an exchange transaction.C) an agency transaction.D) a conditional promise to give.
Q:
The crux of the problem of pollution isA) a poorly run Environmental Protection Agency. B) greed on the part of consumers.C) greed on the part of producers.D) poorly defined property rights are expensive to enforce.
Q:
In which of the following cases does a class action occur?
A) There are no factual disputes to be decided by the jury.
B) The defendant has multiple grounds for appeal.
C) A group of plaintiffs collectively brings a lawsuit against a defendant.
D) The plaintiff does not reply to the defender's cross-complaint.
Q:
Which of the following can be filed by the defendant in a lawsuit?
A) complaint
B) answer
C) reply
D) injunction
Q:
The act of other interested parties joining as parties to an existing lawsuit is termed as ________.
A) intervention
B) consolidation
C) class action
D) arbitration
Q:
A(n) ________ is a document filed by the original plaintiff to answer the defendant's cross-complaint.
A) rejoinder
B) answer
C) reply
D) plea
Q:
A defendant who believes that he or she has been injured by the plaintiff can file a(n)________ against the plaintiff.
A) injunction
B) cross-complaint
C) rejoinder
D) rebuttal
Q:
For nonprofit, nongovernmental organizations, unconditional promises to give that include promises of payments due in future periods (next year or later) are reported asA) unrestricted revenues.B) unrestricted support.C) deferred revenues until payment is received.D) restricted revenues.
Q:
The percentage of total national income spent on health care in the United States hasA) declined rapidly since 1965.B) remained below the level of inflation.C) risen steadily since 1965.D) remained constant over the last few years.
Q:
In which of the following cases is a default judgment entered?
A) A defendant admits all the allegations in the complaint.
B) There is insufficient evidence to resolve the dispute.
C) The court believes that the lawsuit can be settled before/without trial.
D) A defendant does not file a written response to a plaintiff's complaint.
Q:
Once a complaint has been filed with the court, the court will issue a(n) ________, directing the defendant to appear in court.
A) answer
B) rejoinder
C) summons
D) judicial restraint
Q:
In a litigation process, the party who files a complaint is called the ________.
A) bailiff
B) plaintiff
C) prosecutor
D) defendant
Q:
Appellate court decisions are final and cannot be appealed to any higher courts.
Q:
Intermediate appellate courts review new evidence or testimony that was not seen or heard in the lower courts.
Q:
The decisions handed down by the general jurisdiction trial courts are appealable to an intermediate appellate court or the state supreme court.
Q:
For a Voluntary Health and Welfare Organization, what entry is prepared when the restriction on a cash donation is met?A) Debit Unrestricted Net Assets, Credit Restricted Net AssetsB) Debit Unrestricted Fund Balance, Credit Restricted Fund BalanceC) Debit Restricted Fund Balance, Credit Unrestricted Fund BalanceD) Debit Temporarily Restricted Net Assets - Reclassifications out, Credit Unrestricted Net Assets - Reclassifications in
Q:
The more bowed (skewed) the Lorenz curve,A) the more equal the distribution of income.B) the greater the number of households in the society. C) the more unequal the distribution of money income. D) the greater the total income of the society.
Q:
In general jurisdiction trial courts, the testimony and evidence at trial are recorded and stored for future reference.
Q:
General jurisdiction trial courts can be found in every state.
Q:
In small claims courts, it is necessary that the parties are represented by a lawyer at all times.
Q:
A decision of a limited-jurisdiction trial court can be appealed at a general jurisdiction court or an appellate court.
Q:
Which of the following statements is true of intermediate appellate courts?
A) They hear new evidence and testimony that have come to light after the trial courts have made their decision.
B) They do not grant any oral hearings to the parties.
C) They only have jurisdiction to hear cases of a limited or specialized nature.
D) They review either pertinent parts or the whole trial court record from the lower court.
Q:
A donor gives a Voluntary Health and Welfare Organization(VHWO) $1,000 cash that is restricted for a research project. What account does the VHWO credit when the VHWO receives the money?A) Nonoperating RevenueB) Permanently Restricted RevenueC) Unrestricted SupportD) Temporarily Restricted Support
Q:
Since the 1970s, union membership in the U.S. has beenA) rising. B) remaining constant.C) declining. D) erratic.
Q:
Which of the following is a function of the state supreme courts?
A) conducting trials related to misdemeanor criminal law
B) hearing appeals from intermediate appellate state courts and certain trial courts
C) conducting trials related to felonies and civil disputes
D) reviewing the judgments and records of the lower courts and ratifying them
Q:
Decisions of the ________ are final unless a question of law is involved that is appealable to the U.S. Supreme Court.
A) courts of appeals
B) courts of records
C) highest state courts
D) general-jurisdiction trial courts
Q:
________ hears appeals from trial courts.
A) The highest state court
B) A court of record
C) An inferior trial court
D) An intermediate appellate court
Q:
________ are courts that hear cases of a general nature that are not within the jurisdiction of limited-jurisdiction trial courts.
A) Courts of record
B) Intermediate appellate courts
C) Inferior trial courts
D) State supreme courts
Q:
________ are courts that hear matters of a specialized or limited nature.
A) General-jurisdiction trial courts
B) Inferior trial courts
C) Intermediate appellate courts
D) Chancery courts
Q:
A nongovernmental, not-for-profit entity is subject to:I. GASBII. FASBA) I onlyB) II onlyC) a combination of I and II depending on the entity's purposeD) neither I or II
Q:
Coal is required to make steel. Hence, the price elasticity of demand for coal by steel manufacturers will beA) unit elastic. B) inelastic.C) elastic. D) perfectly elastic.
Q:
Decisions of administrative law judges are subject to ________.
Q:
An administrative law judge's decision is issued in the form of a(n) ________.
Q:
The ________ refers to a federal statute that establishes procedures for federal administrative agencies to follow while conducting their affairs.