Which of the Following Is the Best Example of Land

question 48

Multiple Choice

Which of the following is the best example of land?

• A) mineral deposits
• B) human efforts
• C) buildings and equipment that contribute to production
• D) accounts receivable
• E) goods and services purchased by households for their enjoyment

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Definitions:

Incorporation

The process of legally defining a company as a separate entity from its owners, providing limited liability and other benefits.

Provincial Legislation

Laws and regulations enacted by the legislative bodies of provinces or territories within a federal system, addressing regional matters.

Actual Authority

The express and implied powers given to an agent by a principal, allowing them to make legally binding decisions on the principal’s behalf.

Apparent Authority

Apparent authority refers to a situation where someone reasonably believes another has the authority to act on behalf of an organization due to the organization's actions or communications.