The Sale of a Timeshare Is Regulated in a Growing

question 71

Multiple Choice

The sale of a timeshare is regulated in a growing number of states. These regulations typically include requiring that

• A) a timeshare developer and his staff must have a broker's license.
• B) there is a "cooling off" period before sales are final.
• C) timeshares to be conveyed by deed.
• D) developers purchase a bond to insure against a loss in exchange privileges.

Comprehend the stylistic differences in report writing due to formality and audience familiarity.

Understand the distinctions and applications of direct and indirect order in business writing.

Recognize the appropriate parts and organization of business reports based on their length and formality.

Identify the roles and formats of various prefatory and appended parts in formal and informal reports.

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Definitions:

Price Loss Coverage

A safety net program in agriculture that makes payments to producers when the market price of a covered commodity falls below a reference price.

Insurance Payment

Money paid by an insurer to cover losses as specified in an insurance policy.

Agricultural Act of 2014

A comprehensive statute passed in the United States that aimed to provide a policy framework for agriculture and food, including provisions for crop insurance and subsidies.

Rent-Seeking Activity

Efforts to increase one's share of existing wealth without creating new wealth, often through manipulation of the social or political environment.