Of the following fees involved in the purchase of a house, which is usually not borne by the purchaser?

A) Title search and insurance
B) Appraisal fee
C) Real estate broker's commission
D) Loan application fee


Answer: C

Business

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What is the form sent by the seller to the buyer as evidence of a sale?

a. an invoice approval form b. a purchase order c. a receiving report d. an invoice

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In which of the following projective techniques is the respondent presented with a verbal or visual situation and asked to relate the beliefs and attitudes of a third person to the situation?

A) third-person technique B) sentence completion C) story completion D) role playing E) belief and attitude focus

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Indicate whether the statement is true or false.

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At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $195,000; Total Liabilities of $15,000; and Total Paid-in capital of $60,000. During the year, the company reported total revenues of $226,000 and expenses of $175,000. Also, dividends during the year totaled $48,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:

A. $120,000. B. $123,000. C. $171,000. D. $78,000. E. $174,000.

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