What Is the Method by Which Title to New Property

question 13

Multiple Choice

What is the method by which title to new property is acquired when an article of personal property that belongs to one person has a natural increase?

• A) Gift
• B) Will or descent
• C) Purchase
• D) Accession

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Definitions:

Break-even Point

The point at which total costs and total revenue are equal, meaning no net loss or gain, and a key financial analysis metric for businesses.

Per Month Salary

The amount of monetary compensation provided to an employee by an employer, calculated and paid on a monthly basis.

Gross Profit

The financial profit a company makes after subtracting the costs of producing and selling its products from the revenue generated from sales.

Authoritative Management Style

A leadership approach characterized by clear directives and control by the manager over decisions and processes.