A Unit in a Multiple- Unit Development That May Be

question 13

Multiple Choice

A unit in a multiple- unit development that may be owned in fee simple is usually referred to as

• A) a condominium.
• B) life estates.
• C) a tenancy in common.
• D) real estate development.
• E) joint tenancy.

---

Definitions:

Financial Audit

An independent examination of financial records to ensure accuracy and compliance with accounting standards and regulations.

Code of Conduct

A set of guidelines designed to set out acceptable behaviors for members of a particular group, organization, or profession.

Statement of Principles

A documented set of values and beliefs that guide an organization or individual's actions and decision-making processes.

Corporate Cultures

The collective ethos and environment that influence how employees behave and interact within an organization.