Cooperatives - Study guides, Class notes & Summaries

1. Condominium form of ownership is comprised of units owned by one or more persons and joint ownership of ________ share in the common elements. A. a percentage B. an undivided C. a proportional D. a complete - B. an undivided Condominium means individual ownership of a unit coupled with joint ownership of an undivided share of the common elements as well as mandatory membership in the association. 2. Under the General Corporate Law _______, community associations have the right to bu...

Goal of waiting line management Balance the cost paid by the customers (time) with the cost paid by the company (money paid to maintain the system) Parts of a waiting line system Input Source Waiting Line Service Facility 4 Managerial Consideration in Queues customers waiting line employees service facilities Basic waiting line terminology -queue*: line. -channel*: line. refers to the number of lines available at each step. -phase*: a single step in a process....

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

Test Bank for Marketing The Core 9th Edition By Kerin Complete All Chapters () Ben & Jerry's mission to make the world a better place is linked to various organizational and marketing strategies, one of which is A. supporting farmers who agree to use sustainable farming practices, implementing fair working standards, and investing in local communities. B. the intent of making modest profits without sacrificing high product quality standards. C. ingredients that are all completely organic and...

Community Association - Answer - Mandatory memberships, mutually binding contracts, lien-based assements Purpose of community association - Answer - Provide for the community, business, and governance aspects of the association Basic types of community association - Answer - Planned communities, condominium, and cooperatives Planned community - Answer - HOA, owner association Condominium - Answer - Owner of his/her unit Cooperative - Answer - Owns stock/holds lease Types of com...

Resale documents must be furnished to the buyer or his or her attorney before the closing or transfer of possession. The buyers right to cancel a purchase contract is how many days after the resale documents have been hand-delivered? A. 10 business days B. 15 business days C. 5 business days D. 14 business days - ️️C. 5 business days The common interest ownership act regulates common interest properties. Which best describes the properties governed by this act? A. REIT's, condomi...

Community Association (Ans- Mandatory memberships, mutually binding contracts, lien-based assessments Purpose of community association (Ans- Provide for the community, business, and governance aspects of the association Basic types of community association (Ans- Planned communities, condominium, and cooperatives Planned community (Ans- HOA, owner association Condominium (Ans- Owner of his/her unit Cooperative (Ans- Owns stock/holds lease Types of community associati...

Community Association a legal entity in which the owners enjoy the PROTECTION, ENHANCEMENT, MAINTENANCE and PRESERVATION of their homes and property. 3 Basic Types of Community Associations 1. Planned Community - An owner owns his lot/unit and the community owns common areas. 2. Condominium - Individual owns his living unit and owns an undivided interest in the common elements. 3. Cooperative or Stock Cooperative - Individual owns stock or membership in the cooperative and owns a propri...

AES3701 EXAM (ANSWERS) 2023 - May/June Question 1 [30 marks] 1. Explain in detail the following accounting concepts and how they can be applied in agribusiness. 1.1 Business entity (05) 1.2 Accounting cost (05) 1.3 Going concern (05) 1.4 Accrual (05) 1.5 Duality aspect (05) 1.6 Money measurement (05) Question 2 [20 marks] 2.1 Briefly summarise the four main conventions/ constraints in the accounting practice and how they can be applied in agribusiness. (08) 2.2 Describe the fu...

1. Condominium form of ownership is comprised of units owned by one or more persons and joint ownership of ________ share in the common elements. A. a percentage B. an undivided C. a proportional D. a complete - ANSWER B. an undivided Condominium means individual ownership of a unit coupled with joint ownership of an undivided share of the common elements as well as mandatory membership in the association. 2. Under the General Corporate Law _______, community associations have the righ...