The major advantage of observation is its ability to measure attitudes in a natural setting

The exclusive listing that broker Jones had on the Adams farm expired at noon on December 15. At 1 pm on December 15, Adams gave broker Riley an exclusive listing on the farm. At 2:30 pm on December 15, broker Jones procured a buyer at the price and terms of the listing. Who is legally entitled to the commission?

A. Broker Jones, because a buyer was procured within a reasonable period of time of the listing B. Broker Riley C. Brokers Riley and Jones, who must split the commission equally D. Neither broker is legally entitled to the commission

Which of the following statements about bearing risk collectively is correct?

A) Bearing risk collectively means that the risk is spread over a larger group. B) Bearing risk collectively results in a more cost-efficient outcome. C) Bearing risk collectively is an application of risk diversification. D) All of the above are correct.