The major difference between an initial markup and a maintained markup is that the maintained markup reflects _____
a. planned shortages
b. planned retail operating expenses
c. actual prices received and actual shortages
d. actual purchases
c
Business
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A buyer makes an offer to a seller agreeing to all terms in the listing agreement. Would this result in a valid contract between the buyer and seller?
A. No, because there was no acceptance by the broker. B. No, because there was no acceptance by the seller. C. Yes, all the terms of listing were met by the buyer. D. Yes, because the broker would be entitles to a full commission.
Business
Which of the following classifications of secondary data is not a classification for external secondary data (Figure 4.1 in the text)?
A) published materials B) computerized databases C) ready-to-use D) syndicated services
Business