Which of the following statements about finance, accounting, and financial management is most correct?
a. Accounting is of no value in decision making.
b. Accounting provides the theory and concepts necessary to help managers make better decisions.
c. Financial management involves the measurement, in financial terms, of operational events that affect the resources and financing of an organization.
d. The primary role of finance is to plan for, acquire, and use resources to maximize the efficiency (and value) of the enterprise.
e. Financial management is of no value in decision making.
Ans: d. The primary role of finance is to plan for, acquire, and use resources to maximize the efficiency (and value) of the enterprise.
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A salesperson obtains a listing contract on behalf of the salesperson's sponsoring broker. When a prospective buyer asks to look at the property, the salesperson must provide the prospect with the TREC Information About Brokerage Services form, or another statutorily acceptable version, and
A) show them the property without making any disclosures about the salesperson's relationship with the seller because such disclosure would be a violation of the salesperson's fiduciary duties. B) tell them that they must first enter into a buyer representation agreement with another license holder sponsored by the broker. C) inform them in writing that the salesperson represents the seller's interests. D) inform them orally or in writing that the salesperson and salesperson's broker represent the seller's interests.
An increased level of customer satisfaction is an example of a(n) _______ ______
Fill in the blank(s) with correct word