As the financial leverage multiplier increases, this may result in ________

A) an increase in the net profit margin and return on investment, due to the decrease in interest expense as debt decreases
B) an increase in the net profit margin and return on investment, due to the increase in interest expense as debt increases
C) a decrease in the net profit margin and return on investment, due to the increase in interest expense as debt increases
D) a decrease in the net profit margin and return on investment, due to the decrease in interest expense as debt decreases

C

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When an active licensee wished to advertise property owned by the licensee and which is not under a brokerage engagement with broker, the licensee MUST:

A. Notify his or her broker in writing and receive written consent to the advertising and the advertisement. B. Notify the Georgia Real Estate Commission. C. Keep a copy of the advertising for at least two (2) years. D. Always advertise in the name of his or her broker.

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Which of the following requirements has to be met for a holder to qualify as a holder in due course (HDC) under the shelter principle?

A) The holder must not be in possession of a prior negotiable instrument. B) The holder must have notice of a defense or claim against the payment of the instrument. C) The holder must have been a party to a fraud or an illegality affecting the instrument. D) The holder must have acquired the instrument from an HDC.

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