A retailer has to carefully determine the direct retailing costs associated with stocking a given item in computing _____

a. direct product profitability
b. inventory turnover
c. return of inventory investment
d. gross profit per linear foot of shelf space

a

Business

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When may a broker rebate part of a commission to an unlicensed seller?

a. Only with the buyer's permission b. Never c. When negotiating or renegotiating the commission d. RESPA always prohibits such rebates

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Which of the following is true of a contract with an adjudged insane person?

A) The adjudged insane person is bound by the terms of the contract. B) The contract is void. C) Only the competent party can enforce the contract. D) The competent party is legally obligated to uphold the contract.

Business