Plant and Equipment is usually listed:

A) in alphabetical order.
B) in order of liquidity.
C) by how long they will last.
D) in order of purchase.

Answer: C

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The typical markup on tour package components is ________.

A. between 40%-50% B. about 20% or less C. more than 50% D. about 36%

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All of the following are violations of the Texas Real Estate Licensing Act EXCEPT

A) receiving a commission without the knowledge and consent of the license holder's client. B) placing a For Sale sign in front of a house after receiving written permission to post the sign. C) failing to disclose to a potential purchaser any latent structural defects known to the license holder. D) encouraging a seller to reject an offer because the of the prospective buyer's religion.

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