If you are working with people from a(n) _____ culture, you may need to take extra care to elicit feedback and involve them in the discussion because their cultural framework may preclude their participation.
a. implicit-rule
b. short-term orientation
c. uncertainty-accepting
d. high-power distance
e. long-term orientation
Ans: d. high-power distance
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In the residential Contract to Buy and Sell Real Estate, which is TRUE regarding the financing language?
a. A broker may print forms with only the financing terms needed for the transaction b. All financing provisions must be printed in every contract c. A broker may omit the financing terms and leave a space for licensees to draft the terms that fit d. The form may not be computer generated because it would be too easy to change
Chase has a $42,500 line of credit which charges an annual percentage rate of prime rate plus 5%. His starting balance on June 1 was $2,550. On June 4, he borrowed $5,300. On June 9, Chris made a payment of $800, and on June 17, he borrowed $5,600. If the current prime rate is 10%, what is his new balance?
A) $12,050.59 B) $12,598.99 C) $12,850.00 D) $12,766.83