In a periodic tenancy, ________.

A. the landlord and tenant agree on a specific duration of the lease
B. either party must give advance notice to the other to terminate the tenancy
C. the tenant remains in possession of the property even after the lease has expired
D. either party may choose to conclude the tenancy at any time


Answer: B

Business

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Which of the following statements best describes a difference between indictments and information statements?

A) Indictments are issued by a grand jury, while an information statement is issued by a magistrate. B) Indictments are issued before a trial, while an information statement is issued after a trial. C) Information statements are issued without determining guilt, while an indictment is issued where guilt is evident. D) Information statements are issued to dismiss a case before it goes to trial, while an indictment is issued to bring a case to trial.

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Harold and Zack have pooled their money together to buy real estate but have filed no formal papers to form a business. Harold, a lawyer, handles all the legal matters and Zack, a real estate broker, finds buyers for the property they have subdivided. Harold and Zack are engaged in a

a. partnership. b. close corporation. c. limited liability company. d. professional corporation.

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The moving average forecast method is used when demand has an observable trend or seasonality

Indicate whether the statement is true or false.

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Goods bearing a counterfeit mark may be destroyed without compensation to the owner of the goods

Indicate whether the statement is true or false

Business