Kuan-Yin Rented a Commercial Property to Roger for One Month

question 47

Multiple Choice

Kuan-yin rented a commercial property to Roger for one month.Which of the following statements is TRUE?

• A)The lease may be for either a fixed term or an indefinite duration.
• B)Roger may be liable to pay rent even if the lease did not specify the monthly price.
• C)If the lease is a periodic tenancy, it will expire at the end of one month unless either Kuan-yin or Roger provides notice to renew.
• D)The parties must set the minimum term of the lease, but they may leave the maximum term open-ended.
• E)If the lease is a fixed-term tenancy, it will automatically be renewed at the end of one month unless either Kuan-yin or Roger provides notice to quit.

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Definitions:

Workforce Flexibility

The ability of an organization's workforce to adapt to changes and challenges, including varying schedules, tasks, and work environments.

Redesigning Jobs

The process of modifying job roles and responsibilities to improve efficiency, employee satisfaction, or adapt to organizational changes.

Long-Term Productivity

The sustained ability of an individual, company, or economy to generate goods and services efficiently over a long period.

Total Compensation Valuation

The comprehensive assessment of the total monetary and non-monetary pay provided to an employee, which includes wages, bonuses, benefits, and any other form of compensation.