If on final inspection, a buyer had concerns about the property lines and the neighbor's fence being built on the property being purchased, the buyer should do which of the following:
a. sign a quitclaim deed to cancel the escrow.
b. get a formal survey.
c. extend the escrow.
d. get an extended title search.
Answer: b. get a formal survey.
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Which of the following is not an assumption made when using the gross profit method?
a) Goods not sold are on hand. b) The beginning inventory plus purchases equal total goods available during the period. c) Ending inventory is equal to beginning inventory plus purchases less sales, reduced to cost. d) The cost ratio is computed after markups (and markup cancellations) but before markdowns.
Which of the following is not a specific aspect of a transformational leadership style?
a. Articulates a vision b. Provides an appropriate model c. Fosters the acceptance of group goals d. Is dictatorial