Under an open listing contract, the broker ________.
A. has the exclusive right to sell the property for a specified period of time, but is not entitled to a commission
B. has exclusive rights to sell the property and is entitled to a commission
C. receives a nonexclusive right to sell the property
D. receives a commission even if a third party finds a buyer
Answer: C
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According to equity theory, which of the following ratios do people consider when deciding whether they are being treated equitably?
A. Inputs : outcomes B. Performance : rewards C. Effort : probability of success D. Status : competence E. Motivation : ability
Which of the following statements regarding the quick ratio is incorrect?
A. The quick ratio is also known as the acid-test ratio. B. The quick ratio is a conservative variation of the current ratio. C. The quick ratio equals quick assets divided by total liabilities. D. The quick ratio ignores some current assets that are less liquid than others.
The phase-gated process includes how many go/kill decision points or gates?
A. Three B. Six C. Four D. Five E. Seven
The law considers everyone under the age of twenty-one to be a minor
Indicate whether the statement is true or false