An Interest That Arises in a Third Party in the Future

question 51

Multiple Choice

An interest that arises in a third party in the future is called a(n) :

• A) reversion.
• B) remainder.
• C) assignment.
• D) fee simple absolute.

---

Definitions:

Sales Mix

The proportion of different products or services that a company sells, reflecting its strategy to achieve profitability.

Fixed Costs

Costs that do not vary with the level of production or sales over a certain range and within a certain period.

Cost Structure

The composition of expenses a business incurs in the process of creating a product or service, including fixed, variable, and semi-variable costs.

Sales Volume

The total quantity of goods or services sold by a company during a specific period.