Which of the Following Statements Is Correct with Respect to the Person

question 22

Multiple Choice

Which of the following statements is correct with respect to the person who is entitled to found property?

• A)When a person finds valuable property,he must turn it over to the police,and if the rightful owner is not found,the property goes to the government.
• B)When a person finds a valuable watch in a public place,he is entitled to that property over everyone else except the rightful owner.
• C)When a person finds a valuable watch in a public place,he is entitled to that property over everyone else including the rightful owner.
• D)When an employee finds an item of lost property on the premises of his employer,he is entitled to that lost property if the rightful owner cannot be found.
• E)You only have a claim to personal property you find if it is a chose in action.

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Definitions:

Standard Deviation

A numerical indicator that calculates the degree of spread or deviation of a data set values from their average.

Salvage Value

The estimated residual value of an asset at the end of its useful life, reflecting what it can be sold for or its value for parts.

Safety Stock

Inventory kept on hand to protect against fluctuations in demand or supply, acting as a buffer to prevent stockouts.

Stockout

A situation in inventory management where the demand for an item cannot be fulfilled due to the absence of the item in stock.