A Transfer of the Right to the Possession and Use

question 2

Multiple Choice

A transfer of the right to the possession and use of real property for a set term in return for certain consideration is known as a(n) ________.

• A) title transfer
• B) lease
• C) novation
• D) easement

---

Definitions:

Fixed Selling

A category of expenses that do not vary with the level of production or sales, such as salaries of sales personnel and advertising costs.

Administrative Expenses

Overhead or general expenses related to the management and general operations of a business, including salaries of executive personnel, accounting, and HR.

Tour Director

A professional responsible for managing and guiding travel groups throughout their itinerary, ensuring a pleasant and organized trip.

Seat Occupancy

The ratio or percentage of occupied seats in a venue or vehicle to the total available.