An ownership interest in real property consisting of an individual fee simple interest in a commercial office or retail store and an undivided interest in common areas BEST describes?

A. A cooperative.
B. A planned unit development.
C. A condominium.
D. A real estate investment trust.

Answer: C. A condominium.

Business

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Frederick W. Taylor is most closely associated with which of the following?

A) general administrative theory B) time-and-motion studies C) idealistic workplace D) scientific management

Business

A foreign firm can enter a new international market by using a(n) ________ to purchase a local firm in that market

A) strategic alliance B) licensing agreement C) cross-border acquisition D) exporting strategy

Business