A tenancy in common is one in which:
a. two or more persons have equal interests in the property with rights of joint survivorship b. two or more persons have equal interests in the property with no right of survivorship
c. one person owns all the interests in the property, but two people will inherit equal shares when the current tenant dies
d. one person owns all the interests in the property and the government will inherit it when the current tenant dies
e. none of the other choices are correct
b
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Which of the following statements is false?
A) There is no overlap between financial and managerial accounting. B) Managerial accounting sometimes relies on past information. C) Managerial accounting does not need to conform to GAAP D) Financial accounting must conform to GAAP.
What are some reasons employees may be discontented with benefit plans?
What will be an ideal response?
Which of the following is a formal decision model that uses techniques of regression analysis of past production decisions and is also based on managerial performance and experience?
A. linear decision rule B. linear programming C. simulation D. management coefficients model
Satellite CommunicationsSteven worked for Satellite Communications for twenty years. In the time that he worked there, he learned a lot about the company and how it operated. The company met its sales and revenue goals every year. However, most of the employees had similar educational and cultural backgrounds. He believed that the company could do much better if it cultivated an environment that promoted many different ideas. Additionally, Satellite Communications was mostly focused on how much revenue it earned in a given year. Steven felt that the most important goal should be to satisfy customers. He believed financial success would result from focusing on customers.After a lot of consideration, Steven decided to open his own business called Universal Communications and hire employees
that reflected a more diverse customer base. He was happy to have this opportunity because it was a dream that he had always had. He had always wanted to make his own decisions about what his company would produce and how. The only aspect of the business he was unsure of was pricing, yet he knew this would be important for his ultimate success. ? Refer to Satellite Communications. Now that Steven plans to open his own business, he needs to look at the factors of production. Which of the following is not a factor of production? A. Labor B. Capital C. Machinery D. Demand E. Entrepreneurship