Humber College braindumps2go prex-1060a Leak Questions by Safiyah q60 vce pdf

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Exam Name:	Exam 4: Invigilated Theory Exam
Exam Code:	PREX-1060A Dumps
Vendor:	Humber College	Certification:	RESP Pre-Registration Phase
Questions:	120 Q&A's	Shared By:	safiyah

Question 28

Which of the following statements regarding heavy industrial use and light industrial use is correct?

Options:

Clay production is an example of light industrial use.

Light industrial use usually results in more noise and heavier traffic.

Heavy industrial use can produce more pollution than other commercial activities.

Heavy industrial use usually results in less traffic in and out of the heavy industrial zone.

Discussion

Question 29

Asset sale and share sale are two different ways to sell a business. Which statement describes an asset sale?

Options:

The buyer replaces the seller as the owner of the corporation.

The buyer assumes all assets and accepts all liabilities of the business.

The buyer is eligible for tax deductions and benefits by claiming capital cost allowance on depreciable property.

The seller benefits from a tax standpoint since any gain to the seller on the sale will be considered under the capital gains tax exemption.

Discussion

Question 30

Finish the sentence: When a commercial tenant enters an agreement to lease, the covenant to pay rent specifies that the tenant:

Options:

Agrees to pay additional rent for a gross lease.

Cannot withhold rental payments even if the landlord does not comply with their obligations under the lease.

Agrees to pay any percentage rent a landlord demands, regardless of sales revenue.

Cannot pay rent to the property manager and must pay directly to the property owner.

Discussion

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Question 31

In regard to Environmental Site Assessments (ESAs), which of the following is NOT accurate?

Options:

An ESA is intended to determine if a property has been contaminated or is facing any environmental threats.