Jake Owns an Old Piece of Exercise Equipment

question 43

Multiple Choice

Jake owns an old piece of exercise equipment.He has been using the equipment merely to hang his clothes on,so Jake decides to get rid of the thing.He takes the unused exercise machine to the landfill and throws it off the back of the truck.Maggie,a teenager,is at the landfill rummaging for useful items.Maggie sees the exercise equipment and decides it is just the thing to give her sister for Christmas,so she decides to take it home.As she is loading it into the back of her pickup truck,Jake stops and tries to get it back.The landfill owner sees the commotion and decides he would like to have the equipment as well.Who has the best rights in the exercise equipment?

• A)they are all joint owners
• B)Maggie
• C)Jake
• D)the landfill owner

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Definitions:

Merit Pay Plans

Compensation strategies that provide financial rewards to employees based on their performance achievements, aiming to motivate and retain talent.

Conventional Merit Pay

A traditional form of compensation where employees are rewarded based on their performance and achievements, typically evaluated through annual reviews.

One-Time Payment

A single, non-recurring payment made for a specific purpose or event.

Scanlon Plan

A gainsharing program designed to encourage collaboration among workers to increase productivity, with benefits shared among employees and management.