Which of the following best describes what a landlord-owned apartment building and a condominium project have in common:
A: The tenants each receive a separate bill for property taxes;
B: Occupants of both each have an estate in real property;
C: Both properties are regulated by the Subdivided Lands Act;
D: Occupants of units in both properties would have a fee simple estate.
Answer: B: Occupants of both each have an estate in real property;
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Hostlight Industries operate a chain of moderately priced motels across Canada. The company has many businesses competing for tourist dollars, and some nights during the tourist season its motels are only half full. Other nights, Hostlight has to turn away guests because there are no vacancies. Assuming the quality of the room and the services provided by the motels remain the same, Hostlight Industries could use which of the following to fill unused rooms?
a. service forecasting tools b. a capacity correlation system c. capacity maintenance tools d. a yield management system
Which of the following is true of the World Trade Organization (WTO)?
A) It was replaced by the GATT in 1995. B) It increases tariffs and other international trade barriers. C) It lacks the power to impose international trade sanctions. D) It restricts the maximum number of member nations to 100. E) It mediates global trade disputes.