The correct answer is the following.
There are many regulations that impact a new business. The government is strict to approve the operation of a new business because it tries to protect the consumer and the owner. Among the government regulations, you need to pass, are state Licensing. This is important to have the authorization to operate the business. Another regulation is the business taxes you have to pay. So be informed before opening the business. If your business is about food preparation, expect Health Department inspections. Finally, you have to check on the Department of Labor website for "Employment and labor laws."
Answer:
A. A contingent remainder.
Explanation:
A contingent remainder refers to a legal transfer of property that could only occurs after one specific circumstances mentioned by the original owner rather than the death of original owner itself.
From the case above, the children only receive the property only if the wife of the original owner has passed away (this is the specific circumstances)
John D Rockefeller: He was an American industrialist and philanthropist .He revolutionized petroleum industry and defined the structure of modern philanthropy. He was the head of the Standard Oil Company and one of the world's richest men. He used his fortune to fund ongoing philanthropic causes.He was a careful and studious businessman who refrained from taking unnecessary risks, Rockefeller sensed an opportunity in the oil business in the early 1860s. With oil production ramping up in western Pennsylvania, Rockefeller decided that establishing an oil refinery near Cleveland, a short distance from Pittsburgh, would be a good business move. In 1863, he opened his first refinery, and within two years it was the largest in the area.
<span>This behavior has been termed Voluntary simplicity.
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</span><span>This is a lifestyle that adopts more modest consumption habits and rejects consumerism and materialism, seeing these as acts of avarice and greed. This rejection of the consumer lifestyle is due to the recognition that the consumption habits of Western society are degrading the planet and these are not ethically accepted behaviors. There is also a recognition of how little is really needed to have a good lifestyle, contrary to what Western culture indicates.
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</span><span>I hope this information can help you.</span>
