When a broker exercised his option to buy Whiteacre, he presented to the owner of Whiteacre a written statement of his expected profit in the transaction. The seller agreed in writing to proceed with the sale. This conduct is

a) acceptable
b) mandated
c) discouraged
d) prohibited

Answer: b) mandated

Business

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___________ involves identifying and addressing customer needs, trends, and issues before they occur.

a. Customer due diligence b. Reactive customer monitoring c. Proactive monitoring of customers d. Cognitive mapping

Business

The Truck Toys Company manufactures traditional wooden toy trucks. It has determined its variable cost/unit to be $1.50/truck

Fixed costs, however, are quite high because old equipment is used in the manufacturing process and costly packaging is needed to market the toy trucks. The fixed costs are estimated at $11,000/month. The company sells their toy trucks at a price of $7.75/each. How many toy trucks must be sold annually to break even? A) 1,760 toy trucks B) 5500 toy trucks C) 20,000 toy trucks D) 1,879 toy trucks E) None of the above

Business