Of the items listed below, which does not match?

a. survivorship...joint tenancy
b. fee simple......forever
c. testate.....escheat
d. tenants in common....undivided interest

Answer: c. testate.....escheat

Business

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A patent awarded to an inventor is enforceable throughout the inventor's lifetime.

Indicate whether the statement is true or false.

Business

When utilizing the percentage of sales approach, managers:

I. estimate company sales based on a desired level of net income and the current profit margin. II. consider only those assets that vary directly with sales. III. consider the current production capacity level. IV. can project both net income and net cash flows. A. I and II only B. II and III only C. III and IV only D. I, III, and IV only E. II, III, and IV only

Business