Which of the following statements is true of a conditional estate?
A) It is the present right to own and possess the land in the future.
B) When a person's interest terminates, the interest must be transferred to the former owner.
C) It can be set up so that failure to meet a condition terminates the estate.
D) It is the right to own and possess land until one dies, subject to the condition that the property cannot be used in such a way as to destroy its value.
C
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________ are items that are used or consumed for personal use
A) Services B) Demands C) Products D) Promotions E) Utilities
Which of the following is a consistently desirable characteristic in a transfer pricing system?
a. system is very complex to be the most fair to the buying and selling units b. effect on subunit performance measures is not easily determined c. system should reflect organizational goals d. transfer price remains constant for a period of at least two years
Shari'a is another name for ______ law
a. Islamic b. civil c. common d. Jewish
Korsak Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per MonthVariable Element per Customer ServedRevenue $5,500Employee salaries and wages$43,700 $1,100Travel expenses $500Other expenses$43,200 ?The planning budget for October was based on serving 23 customers, but a total of 19 customers were actually served during October.?The activity variance for "Other expenses" for October would have been closest to:
A. $800 F B. $8,126.32 U C. $800 U D. $0