A tenant leased a property for one year. When the tenant planned to move in they found a property was already occupied by another tenant. The new tenant could refuse to pay the rent due to the fact they were no given:

A. A reentry right.
B. Quiet enjoyment.
C. An assignment.
D. Non disturbance notice.

Answer: B. Quiet enjoyment.

Business

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Weeks of inventory and inventory turns are reflected in:

A) working capital. B) operating expenses. C) cost of goods sold. D) cash flow.

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The Sharpe's measure for Jane Smith's investment portfolio is 0.40, while the Sharpe's measure for the market is 0.30. This information suggests that Smith's portfolio

A) exhibits superior performance because its risk premium per unit of risk is above that of the market. B) exhibits poor performance because its risk premium per unit of risk is below that of the market. C) is inadequately diversified, and more securities should be added to the portfolio in order to bring it in line with the market. D) is overly diversified, and some securities should be sold to bring the portfolio in line with the market.

Business