Which of the following statements about budgeting is not correct?
a. In zero-based budgeting, the prior budget is adopted for the coming year with no changes.
b. All organizations use annual budgets, but most also use quarterly (or more frequent) budgets.
c. Out-year budgets are used more for planning purposes than for control.
d. Bottom-up budgets begin at the department level and then are approved by senior management.
Answer: a. In zero-based budgeting, the prior budget is adopted for the coming year with no changes.
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Once a judgment has been obtained against real property, a plaintiff would obtain which of the following in order to cause the property to be sold:
A: An attachment; B: A lis pendens; C: A writ of execution; D: An estoppel.
Which of the following statements is true of trespass to realty?
A) A person is not guilty of trespass to realty if one did not know that the land belonged to another. B) A person is guilty of trespass to realty if the person causes an object to be placed adjacent to the land he or she does not have permission to enter. C) A person is not guilty of trespass to realty if he did not intend to be on a particular piece of land which he had not been granted permission to enter. D) A person is guilty of trespass to realty if he causes an object to be placed on the land of another without the landowner's permission.