Luke owns a farm near Marshalltown, Iowa, with stands of trees serving as windbreaks. Luke grows corn on the property. When Luke sells the farm to Nina, if the contract does not specify otherwise, the sale includes
A. neither the crops nor the trees.
B. the crops and the trees.
C. the crops only.
D. the trees only.
Answer: B
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Which of the following is a product cost for a manufacturing company?
A) salary of administrative staff B) wages paid to factory janitor C) commissions paid to sales staff D) depreciation on corporate building
When having workshop attendees write out descriptions of real-life ethical dilemmas, what it is most important to emphasize?
a. fealty to actual events b. anonymity c. impartiality d. the punishment suffered by the perpetrator
Which of the following is not a primary goal of a cost management system?
a. use cost drivers to develop product costs b. improve understanding of activities c. develop organizational strategies d. measure performance
Gerald is assessing global entry strategies for his gourmet sandwich business. He does not want to take a lot of risk and he is willing to limit his control of international stores. Gerald will most likely use a(n) ________ strategy.
A. exporting B. franchising C. strategic alliance D. joint venture E. direct investment