If Property Is Mislaid by Its Owner, _____

question 13

Multiple Choice

If property is mislaid by its owner, _____.

• A) the finder of the property has the right to hold the property for the rightful owner
• B) the finder can be held guilty of conversion and must pay the owner the fair value of the property
• C) the finder acquires no rights to the property
• D) the first person who thereafter takes possession of it with the intent of claiming ownership becomes its owner

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Definitions:

Cost Leadership Strategy

A business approach aimed at becoming the lowest-cost producer in an industry to gain a competitive edge.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, due to its unique capabilities, resources, or position.

Strategic Planning Pitfall

A potential mistake or oversight in the strategic planning process that can undermine its effectiveness or lead to failure.

Failures of Substance

Significant shortcomings or mistakes that impact the performance or credibility of an entity.