The purchaser of a property in a planned unit development will usually NOT receive
A) an interest in the unit owners' association.
B) a direct ownership interest in the common areas.
C) title to the land on which the unit is built.
D) a share in the control of the commonly-owned elements.
Answer: B) a direct ownership interest in the common areas.
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Which of the following is an example of the economies of scale argument for increased profits for large financial holding companies?
A. Financial holding companies are well diversified so risk is reduced. B. Financial holding companies offer a wide array of services under one name. C. Financial holding companies need only one CEO, one Board of Directors, and one accounting system regardless of size. D. The profitability of financial holding companies does not rely on one particular line of business.
An industry in which an increase in industry output is accompanied by an increase in long-run per-unit costs is a(n)
A. increasing-cost industry. B. constant-cost industry. C. break-even cost industry. D. decreasing-cost industry.