Homeowner's association monthly dues generally include water, sewer, garbage, and maintenance or other amenities such as a pool, clubhouse, and a tennis court

For decision-making purposes, ________ costs are often divided into prime costs and conversion costs

A) fixed costs B) product costs C) period costs D) sunk costs

Two salespeople working for the same broker obtained offers on a property listed with their firm. The first offer was obtained early in the day. A second offer for a higher purchase price was obtained later in the afternoon. The broker presented the first offer to the seller that evening. The broker did not inform the seller about the second offer so that the seller could make an informed decision about the first offer. Which of the following is true?

A) The broker's actions are permissible provided the commission is split between the two salespeople. B) After the first offer was received the broker should have told the salespeople that no additional offers would be accepted until the seller decided on the offer. C) The broker has no authority to withhold any offers from the seller. D) The broker was smart to protect the seller from getting into a negotiating battle over two offers.