Can a broker enforce an oral listing agreement for his neighbor's home?
a. Yes
b. No
c. Possibly
d. Only if he did not have a contract form handy
Answer: b. No
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Which of the following features should not be included in a good system of internal accounting control over cash?
Select one: A. Cash handling is separated from the recording of cash transactions. B. All major disbursements are made by check, and an imprest fund is used for petty cash disbursements. C. Monthly bank reconciliations are prepared by the person who makes the daily bank deposits. D. All receipts are deposited daily in the bank.
A dividend reinvestment plan (DRIP)
A) is offered by most stockbrokerage firms, rather than individual companies. B) is constructed to acquire a fixed number of shares when dividends are paid. C) accomplishes the same objective as dollar cost averaging; i.e., investing a relatively fixed amount of funds at regular intervals. D) offers investors the choice of receiving a dividend or having the company buy back some of their shares at a set price.