Which of the Following Is NOT One of the Four

question 37

Multiple Choice

Which of the following is NOT one of the four major categories in the Barringer/Ireland Business Model Template?

• A) Operations
• B) Resources
• C) Channels
• D) Core Strategy
• E) Financials

---

Definitions:

Legal Action

The process of taking a case through court to enforce or defend a legal right.

Remainderman

A person who is entitled to real property subject to a prior interest (e.g., a life estate) and who acquires the fee when the prior estate terminates.

Fee Simple

The most extensive interest in real property available in law, allowing the owner absolute ownership, including the rights to sell, lease, or bequeath the property.

Life Estate

A legal interest in real property that lasts for the lifetime of a specific individual, after which the property reverts to another party.