A(n) ________ is an improvement on real estate which extends onto real estate belonging to another person without their consent.

a. nuisance
b. trespass
c. encroachment
d. implied boundary

Answer: c. encroachment

Business

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In no case can "market" in the lower-of-cost-or-market rule be more than

a. estimated selling price in the ordinary course of business. b. estimated selling price in the ordinary course of business less reasonably predictable costs of completion and disposal. c. estimated selling price in the ordinary course of business less reasonably predictable costs of completion and disposal and an allowance for an approximately normal profit margin. d. estimated selling price in the ordinary course of business less reasonably predictable costs of completion and disposal, an allowance for an approximately normal profit margin, and an adequate reserve for possible future losses.

Business

Why is it important to manage one's costs?

What will be an ideal response?

Business