TREC SAE Marketing I Written Exam Questions Correctly Answered.

TREC SAE Marketing I Written Exam Questions Correctly Answered. Internal Rate of Return - CORRECT ANSWER the yield of the investment within itself when all cash flows have been discounted to 0 Assets - CORRECT ANSWER All tangible and intangible items that can be used to cover the liabilities of a business or be converted into cash, such as office equipment and property Balance Sheet - CORRECT ANSWER A statement that itemizes assets, liabilities and net worth Broker - CORRECT ANSWER An individual who is licensed to negotiate contracts to buy, sell, or lease property for a fee or commission Budget - CORRECT ANSWER A statement of estimated income and expenses Business Plan - CORRECT ANSWER A written description of busines operational and financial goals and strategies that the business will use to achieve them Capital - CORRECT ANSWER Physical assets that can be used to produce income. Capital can refer to machinery, buildings, inventory, equipment, etc. Also refers to the business' net worth Cash - CORRECT ANSWER The amount of money that is readily available for business Cash Flow - CORRECT ANSWER The movement of money in and out of the business Client - CORRECT ANSWER The individual, also known as the principal, who employs a real estate professional to perform certain activities on their behalf Customer - CORRECT ANSWER An individual who obtains the services of a real estate professional without a contract or binding agreement Debt Financing - CORRECT ANSWER Obtaining funding (loans) from lenders These loans incur interest and must be repaid within a specified period of time Equity - CORRECT ANSWER The difference between the value of an asset and the amount of money owed on the asset Equity Financing - CORRECT ANSWER In order to obtain funding, a company will sell a portion of ownership interest in the company in exchange for capital or funding Executive Summary - CORRECT ANSWER A written description that provides the reader with an overview of the business plan Fair Housing Act - CORRECT ANSWER Prohibits discrimination on the basis of race, color, religion, sex, hanicap, familiar status or national origin Farming - CORRECT ANSWER The process of branding a company or individual's name to a certain area, group of people, or segment of the market Inflation - CORRECT ANSWER An increase in the price level of goods ans services that cause a decrease in th epurchasing power of the buyer Liability - CORRECT ANSWER A company's or individual's legal obligation to take responsibility for any actions to pay Manager - CORRECT ANSWER The individual that organizes and oversees the company's financial and human resources Marketing - CORRECT ANSWER The process of promoting a company's products and services, including advertising and farming