The authority or power of a court or tribunal to hear a particular case or dispute is called ________

A seller gives a real estate broker a net listing in the amount of $200,000. If an offer comes in for $150,000, the broker should:

a. hold the offer until other offers have been submitted b. hold the offer until an offer comes in that provides the broker with a commission c. present the offer to the seller d. not accept the offer because the broker will not be paid a commission

An income statement tracks the amount of money you have coming in and going out over some period of time, such as a month or a year

Indicate whether this statement is true or false.