A broker must disclose her license status if she is a principal to a contract.

a. true
b. false

Answer: a. true

Business

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Sparkling Valley, a luxury resort, prices cottages facing the lake higher than cottages that do not, even though the cottages and services offered are identical in every other aspect. This form of pricing is called ________ pricing

A) location-based B) time-based C) by-product D) seasonal E) captive product

Business

A partially solved PERT problem is detailed in the table below. Times are given in weeks

Activity Preceding Optimistic Time Probable Time Pessimistic Time Expected Time Variance A -- 7 9 14 1.361 B A 2 2 8 0 C A 8 12 16 0 D A 3 5 10 1.361 E B 4 6 8 0 F B 6 8 10 0 G C, F 2 3 4 0 H D 2 2 8 1.000 I H 6 8 16 2.778 J G, I 4 6 14 2.778 K E, J 2 2 5 0.250 a. Calculate the expected time for each activity. Enter these values in the appropriate column in the table above. b. Which activities form the critical path? c. What is the estimated time of the critical path? d. What are the project variance and the project standard deviation? e. What is the probability of completion of the project after week 40?

Business