________ are those who are the most knowledgeable about the areas of business activity within the project scope

Which of the following instances does not exemplify when a late-mover advantage arises?

a. Property rights protections in the form of patents, copyrights, and trademarks prevent the ready imitation of initial moves. b. Rapid market evolution gives fast followers the opening to leapfrog a first mover's products with more attractive next-version products. c. Market uncertainties make it difficult to ascertain what will eventually succeed. d. Products of an innovator are simple, do not need a high customer understanding, and easily penetrate the market. e. Pioneering helps build a firm's reputation with buyers and creates brand loyalty.

An agent chooses to act on an option granted to him by the seller. In presenting his offer, the agent should:

a. disclose all material facts known to him about the property. b. disclose any and all profits that will be made on the purchase. c. disclose/present any and all other offers that have been provided to the agent up to this time. d. all of the above.