Information Asymmetry is:
A) false information spread by competitors.
B) when two pieces of information counteract each other.
C) when some know more than others.
D) when information is not reflected properly in the market.
E) incomplete information.
C
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Which of the following is a disadvantage of a merit pay system?
A. It does not relate the rewards to economic conditions. B. It cannot be used effectively in performance appraisals. C. Comparative pay is not considered in its evaluation. D. It is not consistent with performance management's dimensions. E. It can quickly become expensive for the company.
Mr. and Mrs. Kelly listed their home with broker Hunt. After two months, the Kelly's found a buyer themselves and the sale closed. However, when broker Hunt attempted to collect a commission, he was told that the seller did not have to pay him. What kind of a listing did he probably have?
a. exclusive agency listing b. exclusive right to sell listing c. net listing d. advance fee listing