The holder of which of the following interests would have the least protection of his interests?
a. a lessee holding a less-than-freehold estate, living on the property
b. a quit claim deed, unrecorded
c. a grant deed, unrecorded, living on the property
d. a recorded grant deed, not living on the property
Answer: b. a quit claim deed, unrecorded
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Allyson Godwin plans on setting up a small business where she will offer quilting lessons, sell material and quilting kits that she will create, and market her own creations. Last year her quilting skills earned her $2,000
She estimates that quilting as a full-time business will earn $10,000 during her first year. She has budgeted five percent of her sales estimate to be spent on promotion. What promotion method is Godwin using? What are the advantages and disadvantages of this method?
A manufacturer took the following actions to reduce inventory. Which of these is generally not accepted as a JIT action?
A) It used a pull system to move inventory. B) It produced in ever smaller lots. C) It required deliveries directly to the point of use. D) It picked the supplier that offered the lowest price based on quantity discounts. E) It worked to reduce the company's in-transit inventory.