Hank,the Owner of Idle Farm,sells Jessie a Right to Park

question 39

Multiple Choice

Hank,the owner of Idle Farm,sells Jessie a right to park her RV on Idle land overnight. Jessie's right is

• A)a fee simple absolute.
• B)a license.
• C)an easement.
• D)a profit.

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Definitions:

Hierarchy Culture

An organizational culture that emphasizes a clearly defined structure, control, and authority, where decisions are often made at the top levels.

Formal Chain

A structured sequence of command or a hierarchy within an organization, where communication and decisions flow through a pre-defined path.

Efficiency

The ability to accomplish a task or objective with the minimal expenditure of time and resources.

Competing Values Framework

A model that categorizes organizational cultures into four distinct types based on two dimensions: focus (internal vs. external) and structure (flexibility vs. stability).