If a deed transferring legal title from one party to another is NOT recorded in the public record, which of the following statements is correct:

a. the deed is valid
b. the grantor gives up all right to the property conveyed
c. both a and b
d. the transfer is not valid

Answer: c. both a and b

Business

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A firm has interest expense of $145,000, preferred dividends of $25,000, and a tax rate of 40 percent. The firm's financial breakeven point is ________

A) $ 25,000 B) $170,000 C) $186,667 D) $145,000

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Your boss is considering assigning you 26 people to supervise. Seven have only one -year seniority or less and two years in the profession (it usually takes 3 to 4 years to learn all the job tasks). The others are all new

The tasks these workers will perform are interrelated and you, as the supervisor, would have to orchestrate all of their activities. It is also estimated that you will have to spend about 40 percent of your time in planning activities. What should happen to the span of control your boss is considering for you? A) Decrease B) Increase C) Not change D) Remain the same

Business