The relationship between costs and the volume of services provided is called cost behavior (or underlying cost structure).

Which of the following is true of condominium ownership?

A) It cannot be mortgaged. B) The corporation pays the real estate taxes. C) The ownership cannot be willed. D) The limited common elements cannot be sold separately.

The value of an offering is described as ________

A) the price consumers are charged for a product B) the cost of manufacturing a product C) the degree to which consumer demand for a product is positive D) the sum of the tangible and intangible benefits and costs to customers E) the intangible benefits gained from a product