Proof Sheet Reflexive Property | A quantity is congruent (equal) to itself. a = a | Symmetric Property | If a = b‚ then b = a. | Transitive Property | If a = b and b = c‚ then a = c. | Addition Postulate | If equal quantities are added to equal quantities‚ the sums are equal. | Subtraction Postulate | If equal quantities are subtracted from equal quantities‚ the differences are equal. | Multiplication Postulate | If equal quantities are multiplied by equal quantities‚ the products
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Lodging Properties The different types of properties in the Lodging Industry: Hotels - Can be classified into star system (1-7). A structure that provides sleeping accommodations to travelers and that usually features dining facilities and daily housekeeping service Resorts - Cater primarily to leisure travelers. Generally found in four environments: at the beach‚ near ski areas‚ in the desert and near (or even in) theme parks and attractions. Motels- usually do not have full dining facilities
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In a well-known legal case‚ a classic conflict of property rights was featured. Red cedar trees‚ used only for ornamental purposes‚ carried a disease that could destroy apple orchards within a radius of two miles. There was no known way of curing the disease except by destroying the cedar trees or by ensuring that apple orchards were at least two miles away from the cedar trees. Apply the Coase theorem to this situation. Does it make any difference to the outcome whether the cedar tree owners are
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Intellectual Property (IP) IP as a general term refers to the subject matter of the laws that give rise to proprietary interests in creations of the mind. The various tools of IPR that are used to protect innovations are Copyrights‚ Industrial Designs‚ Data Protection‚ Geographical Indications‚ Patent and Trademark. Introduction to Intellectual Property Rights (IPRs) In earlier times‚ the concept of property meant something tangible. Man used to be in possession of property and property
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Property taxes – local taxes‚ immovable property/land tax‚ motor vehicle tax . (Lukas Szita) A property tax also known as millage tax is a charge on possessions that the holder is obligatory to pay. The tax is imposed by the governing authority of the area in which the property is placed; it can be a national government of country‚ a federated state‚ a county/region‚ or a municipality (In Slovak Republic property tax is the most important income for municipalities). We basically distinguish four
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Securitization of property assets will enable property to compete with other asset classes Securitization in the context of property “is the creating of tradable securities from a property asset” Isaac (2003 p.198). Securitization “can be equity based or debt based” Wyatt (2007 p.395). Equity based property securitization “would see investors own share in a property that yields income through dividend payments and produces capital gains (or losses) through share price movement” Wyatt (2007 p.395)
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expectations towards level of comfort and convenience are increasing every day. These expectations often present challenges to organisations make them look for new pathways of reaching the customers` satisfaction. This essay discusses the role of property management in satisfying customers and controlling operational costs in hotels. Provided examples will justify that properly maintained and well-designed facilities are the core element in guests` satisfaction and‚ also‚ will show how facilities
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physical and chemical properties. Physical properties are characteristics of a substance. Two types of physical properties are quantitative and qualitative. Quantitative is a property that has an amount or can be measured such as hardness‚ solubility‚ and viscosity. Qualitative is a physical description of matter such as color‚ clarity‚ and state. Chemical properties are characteristics of a substance which allows it to behave in a specific manner. A few types of chemical properties are combustibility
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issues‚ including biblical‚ legal‚ and ethical that must be examined. Mountain Property Because Andrew took out a loan utilizing the property as collateral‚ the lender has a right to get their money back. Martin would have two possible options in this case. Martin may get Andrew to sign over the property in exchange for paying his debt to the lender. This would essentially be buying Andrew out of the property. Another option would be to just pay off Andrews debt to the mortgage company. However
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Management Science – Workshop 2: Case Study Recreational Properties 1. 1. Framing the Decision 2. Recreational Properties obtained a package of options to acquire three parcels that would allow them to develop a ski resort. The company paid €500‚000 for the package of options in June 2001. The options gave the company the right‚ but not the obligation‚ to acquire the three parcels at a (strike) price of €10 million in June 2002. 3. Furthermore‚ in order to develop the three parcels
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