A licensed real estate broker, representing his client to third persons in the sale, lease or exchange of real estate, is said to be operating under the law of:

A: Limitation;
B: Trusteeship;
C: Agency;
D: Power of attorney.

Answer: C: Agency;

Business

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As a result of ________, a company cannot make its product illegally similar to a competitor's already established product

A) anti-monopoly laws B) patent laws C) antitrust laws D) product warranties E) product liability

Business

The fundamental purpose of an organization's mission statement is to:

A) create a good human relations climate in the organization. B) define the organization's purpose in society. C) define the operational structure of the organization. D) generate good public relations for the organization. E) define the functional areas required by the organization.

Business