A licensee shall make a written disclosure to both the buyer and seller revealing the party or parties for whom hat licensee's firm is acting as an agent and from whom that licensee's firm will receive any valuable consideration for its effort in the transaction. This disclosure must be made no later that:
A. The time that any party is shown the property.
B. The time that any party makes an offer.
C. 10 days after acceptance of an offer.
D. The agreed upon closing date in the transaction.
Answer: A. The time that any party is shown the property.
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Norton Corporation is considering a 6 year project having an initial investment of $150,000. The project will provide cash inflows of $25,000 for the first 3 years and $60,000 during the last 3 years. Given this information, calculate the project's payback.
A) 4.00 years B) 4.50 years C) 3.75 years D) 4.25 years
For a maximization problem, assume that a constraint is binding. If the original amount of a resource is 4 lbs. and the range of feasibility (sensitivity range) for this constraint is from 3 lbs. to 6 lbs.,
increasing the amount of this resource by 1 lb. will result in the: A) same product mix, different total profit. B) different product mix, same total profit as before. C) same product mix, same total profit. D) different product mix, different total profit.