When farmer Joe sold his land to an oil company, he wanted to keep the right to use the lake on the land for fishing. What would give him the right to do this?
a. a grant
b. an easement by implication
c. an easement by prescription
d. a reservation
d
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In a traditional operating environment, a company usually
a. plans by using pull-through production scheduling. b. has long production runs with infrequent setups. c. maintains a minimum inventory level. d. uses a multiskilled work force.
Answer the following statements true (T) or false (F)
1. If a business is considering buying a new vehicle, the cost of the insurance premium is relevant to the business decision. 2. Managerial accountants assist managers in the decision-making process by gathering and analyzing relevant information. 3. When considering whether to replace the building roof, the total amount paid for previous roof repairs is relevant to the business decision. 4. If a business is considering whether to replace old equipment with newer equipment, the cost of operating the old equipment, compared to the cost of operating the new equipment, is relevant to the business decision. 5. Tryniski Company is considering purchasing a new truck. The decision has been narrowed to two models. The cost of each of these two trucks is relevant to this business decision.
If the net present value is positive, the actual return on a project exceeds the required rate of return
Indicate whether the statement is true or false
One way to stretch capacity is to utilize the facility for longer periods
Indicate whether the statement is true or false