Answer: Revenue
Explanation: Revenue is the total income generated from businesses, organizations, merchandise and government operations. It is the gross income figure from which costs will be deducted from to determine the net income/profit.
Answer:
The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate, as when an owner conveys a life estate to one party and the remainder to another, is called:
B) the remainder estate
Explanation:
- The option A is not correct as the right of survivorship is a feature of joint ownership of properties. It states that if a person dies in a joint ownership of a property which has right of survivorship then the other person get the share of the deceased person in the property.
- The option B is correct as the remainder estate that is such estate that is left from the life estate on the termination of a prior estate.
- The option C is incorrect as the reversionary right is such right according to which a property is reverted back on a specific event to the previous owner or the heirs of that owner if deceased.
- The option D is also incorrect as the reversionary interest is such a interest that is reverted back to the grantor or his/her heirs.
Answer:
O The Supreme Court's role as the
highest court in the land
Explanation:
Article III, Section I states that "The judicial Power of the United States, shall be vested in one supreme Court, and in such inferior Courts as the Congress may from time to time ordain and establish." Although the Constitution establishes the Supreme Court, it permits Congress to decide how to organize it.
Answer: True
Explanation: Administrative law- Consists of the rules, orders, and decisions of administrative agencies. Dominant element in the regulatory environment of business.Administrative agency- A federal, state, or local government agency established to perform a specific function.Federal Agencies-At the national level, the cabinet departments of the executive branch include numerous executive agencies. Food and drug administration is an example is an agency within the US department of Health and Human services, theseexecutive agencies are subject to the authority of the president, who has the power to appoint and remove their officers.
