In the instance of condominium ownership, which of the following may be held in fee title?
a. The outside yard.
b. The individual units.
c. The public hallways.
d. All of the above.
Answer: d. All of the above.
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The Dairy Division of Famous Foods, Inc. produces and sells milk to outside customers. The operation has the capacity to produce 200,000 gallons of milk a year. Last year's operating results were as follows:
Sales (160,000) gallons $500,000 Variable costs 312,000 Contribution margin 188,000 Fixed costs 100,000 Net Income $ 88,000 Assume the Yogurt Division wants to purchase 30,000 gallons of milk from the Dairy Division. The minimum price that will increase the Dairy Division's profit is a) $0.55 per gallon. b) $1.95 per gallon. c) $2.50 per gallon. d) $1.18 per gallon.
For individuals, values can be defined as "one's core beliefs about what is important, what is valued, and how one should behave across a wide variety of situations.".
a. true b. false