The time spent watching and reviewing auction bids is a part of ________ costs.
A. pricing
B. monitoring
C. delayed consumption
D. fulfillment
Answer: B
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A stakeholder is:
A) a disinterested third party in a negotiation B) a member of a foreign government C) a person or group with a vested interest in a firm's well-being D) a lobbyist for a company
When a company succeeds in creating more value for customers than its competitors do, that company is said to enjoy competitive advantage
Indicate whether the statement is true or false
Given an interest rate of 0%, the present value of $1,500 to be received 5 years in the future is less than $1,500
Indicate whether the statement is true or false.
Tina is a real estate broker who has been asked to sell a property by a client. The property is exactly what she has wanted for herself. She knows the seller is unaware of the value of the property and is relying on her to make the best decision. She knows if she markets it aggressively, she can get several thousand dollars more for the property than the seller is asking. Tina talks to her son and asks him to buy the property in his name, with her funds, and to transfer the property to her after the transaction is completed. She contacts her client and tells him she has a buyer ready who is offering to purchase the property for a thousand dollars over the listing price. The seller agrees to the sale unaware of the other issues involved. As it relates to the topic of this chapter, which of
the following best describes Tina's actions? A. Tina has sacrificed a thousand dollars more than she needed to pay for the property. B. Tina has no ethical issues because the seller received more money in the transaction than the listing price. C. Tina has knowingly engaged in a conflict of interest. D. Tina helped her client enter a transaction in which everyone benefitted.