1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
densk [106]
3 years ago
6

The owner and a property manager sign a property management agreement. The property manager advertises the property, shows the r

ental units, collects the rent and deposits the money in the proper account. He fails to maintain the units in proper working order and the property declines in value. The owner is an absentee owner who arrives to find his property in disrepair. The property manager:______
Business
1 answer:
Alex787 [66]3 years ago
8 0

Answer:

Has failed his fiduciary duties and is responsible for any losses in value the owner has suffered.

Explanation:

In the above case, the manager has failed to maintain the units in proper working order and the property declines in value which is of a negative effect to the property owner.

In this case, the tenant has the option of hiring an outside party to make the necessary repairs. The tenant should do that in good faith and should be reasonable in choosing who to make the repairs. This cost will probably be deducted from their next rent check.

Also, if the problem violates state or local building or health codes, a tenant may decide to contact the local authorities regarding the issue. If inspectors come out and find the problem, the landlord may face an order to fix the problem, plus possible fines and/or penalties.

You might be interested in
Ben is reviewing a chart that shows all of the employees at his company. This document includes information about who reports to
aivan3 [116]

Answer: Organization chart

Explanation:

The organization chart is a diagram that shows the relation among the employees in an organization. The organization chart is also used to show the relationship that exists between the departments in an organization or and also shows their functions.

Organization chart can be used as a management tool that is used for planning purposes, and can also be used as a personnel directory.

The purpose of an organization chart is to illustrate the chais of command and reporting relationships that exist within an organization.

8 0
3 years ago
Which of the following is a required financial statement? 1 point Statement of Auditor Independence Statement of Cash Flows Stat
kondor19780726 [428]

Answer:

statement of revenues

8 0
3 years ago
Which of the following scenarios is an example of monopolistic competition?
daser333 [38]
B.
The bus company has monopoly over the bus service in the town because it has no competitors.
7 0
3 years ago
Read 2 more answers
If management identifies even one material weakness in internal control, then management will conclude that the organization’s i
solong [7]

Answer:

Statement is true

Explanation:

Internal control over financial reporting was designed to give assurance related to financial statements preparation and authenticity of financial reporting.

Material weakness refers to inefficiency in internal control which could lead to misstatement in financial statement thereby making financial reporting unreliable. As such, even one material weakness would prove ineffective internal control over financial reporting.

8 0
3 years ago
Bob Shockey borrowed $25,000 from his $250,000 cash value life insurance policy to send his daughter to private college. Assumin
MissTica

Answer:

e. $225,000.

Explanation:

Since Bob Shockey pays interest as in accrues, the amount the  beneficiary will receive if he dies before the debt is repaid will be the cash value of his life insurance policy minus amount borrowed to send his daughter to private college. This can be calculated as follows:

Amount to receive by beneficiary = $250,000 - $25,000 = $225,000

Therefore, his beneficiary will receive $225,000.

3 0
3 years ago
Other questions:
  • A management consulting team needs a team of four to analyze the operations of a new client. The team should comprise an account
    11·1 answer
  • Crunch Lite produces six different flavors of sugar-free cookies for the diabetic population. The company also produces a large
    13·1 answer
  • Woodmier Lawn Products introduced a new line of commercial sprinklers in 2020 that carry a one-year warranty against manufacture
    10·1 answer
  • 1.)In which stage of the marketing and sales process do potential customers become convinced that they want to purchase a produc
    13·2 answers
  • Suppose that 6-month, 12-month, 18-month, 24-month, and 30-month zero rates are 3%, 3.2%, 3.4%, 3.5%, and 3.6% per annum with co
    8·1 answer
  • Fiona works for an organization that needs concise data as well as detailed historical data for analysis from time to time. Whic
    12·2 answers
  • 43. What is the difference between formal and informal structure?
    7·1 answer
  • The employees of Beverage Bottling Company designate Cola Cappers Union as their bargaining representative. Beverage refuses to
    10·1 answer
  • Consider a country that is operating under a system of flexible exchange rates. If the central bank in this country imposes an e
    7·1 answer
  • Erica's Country Furniture sells wooden chairs for $179.49. It buys the chairs from a craft shop for $87.49 each. Its overhead ra
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!