If a buying center is most influenced by authority in the business buying process, it can be safely concluded that ________ factors have a major influence on its buying behavior

Race restrictions limiting the sale or lease of property to persons of the Caucasian race were imposed on a subdivision in 1920, due to expire in 2009. The restrictions are presently

A. valid, as long as the original owner is still alive. B. unenforceable, even if the majority of homeowners want them. C. enforceable, if the buyer agrees. D. binding.

Which of the following statements are correct concerning the present value of $1.00 five years from today discounted at 5%?

I. The present value is equal to $1.00 divided by 1.05 to the 5th power. II. If the discount rate were less than 5%, the present value would be smaller. III. If the discount rate were more than 5%, the present value would be smaller. IV. If the $1.00 were to be received 6 years from today, the present value would be larger. A) I and II only B) I and III only C) II and III only D) I, III and IV only