An inactive salesperson who receives security deposits on rental property they own:
A. Must deposit those funds into a designated trust account maintained by their broker.
B. Must deposit those funds into a designated trust account approved by their broker.
C. Must maintain those funds in a designated trust account.
D. May post a bond in lieu of maintained security deposits in a designated trust account.
Answer: C. Must maintain those funds in a designated trust account.
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Which of the following is true of the priority of claims?
A) If two or more secured parties claim an interest in the same collateral but only one has perfected his or her security interest, the perfected security interest has priority. B) Although one of the parties to claim an interest in the collateral has perfected his or her security interest, all the parties are given fair and equal priority. C) If two or more secured parties claim an interest in the same collateral but neither has a perfected claim, they are given equal priority irrespective of attachments. D) If two or more secured parties claim an interest in the same collateral but neither has a perfected claim, the first to claim has priority.
Ownership advantages refer to a firm's specific assets, international experience, and the ability to develop either low-cost or highly differentiated products within the context of its particular value chain
Indicate whether the statement is true or false