Market allocation agreements are when real estate firms agree to:
A. form a multiple listing service
B. share advertising costs by sharing a huge ad in the newspaper
C. divide a geographical area to eliminate competition
D. be in competition with each other
Answer: C. divide a geographical area to eliminate competition
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In a(n) _____ culture, rules are clearly communicated so that everyone is aware of them.
a. uncertainty-accepting b. explicit-rule c. collectivist d. short-term orientation e. feminine
Which of the following statements is true about trademarks?
a) trademarks are designs and names by which businesses differentiate their products b) trademarks specify certain safety standards to which a product must adhere c) trademarks are the exclusive legal rights of authors, composers, playwrights, artists, and publishers to publish and disperse their work as they see fit d) trademarks grant the inventor of a new product or process exclusive rights for a defined period to the manufacture, use or sale of that invention