Principal agent problem Samenvattingen, Aantekeningen en Examens

REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead -B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts would require a real estate lice...

1. The system of recording, reporting, and summarizing past financial infor- mation and transactions. ANS Accounting 2. An activity ratio found by credit sales divided by accounts receivable. ANS Ac- counts Receivable Turnover (AR Turnover) 3. A category of ratios that measure how well a company uses its assets to generate sales or cash, showing the firm's operational efficiency and prof- itability. ANS Activity Ratios 4. Another name for the discretionary financing needed or external fin...

CHAPTER 1 ACCOUNTING IN ACTION CHAPTER LEARNING OBJECTIVES 1. Identify the activities and users associated with accounting. Accounting is an information system that identifies, records, and communicates the economic events of an organization to interested users. The major users and uses of accounting are as follows: (a) Management uses accounting information to plan, organize, and run the business. (b) Investors (owners) decide whether to buy, hold, or sell their financial interests on th...

CFA Level 1 – Economics Exam Questions and Answers (Definite Pass) When demand is less elastic than supply- consumers bear higher or lower burden - Answer-HIGHER When supply is less elastic than demand- consumers bear higher or lower burden - Answer-LOWER, suppliers will bear a higher burden Inelastic means more or less DWL - Answer-Less Three Constraints to Profit Maximization - Answer-TMI 1) Technological, 2) Informational, 3) Market Constraints Technological Efficiency - Answ...

Alabama Real Estate Exam - Questions I've Struggled With Verified Answers A ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. designated agency A _________ agency gives the agent authority to do one specific thing on the principal's behalf. special or specific A _________ agency gives the agent the authority to do several ac...

Corporate Strategy - The decisions & actions taken to gain & sustain competitive advantage in several industries and markets simultaneously What does corporate strategy address? - Where to compete on 3 dimensions: Industry value chain: vertical integration Products & services: diversification Geography: regional, national, or global markets Vertical Integration - The process in which several steps in the production and/or distribution of a product or service are controlled and own...

PHR / SPHR Employee & Labor RelationsAbsentee Policy - correct answer sick time allowed, using sick time, inappropriate sick leave, disciplinary acitons Ad hoc arbitrator - correct answer A person selected to hear a single case between two parties in conflict. Advancement Barriers - correct answer EEO regulations not enforced, practices that hinder advancement, lack of education Agency Shop - correct answer Clause that states that even if workers do not join the union, they must still p...

New York State Property and Casualty Licensing Exam Latest Version Graded A+ Pro Rata Liability Clause is included in an insurance policy to deal with the problem of Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit bears to the total coverage carried. pro rata liability If a loss occurs that is covered b...

Accounting - ANSWER The system of recording, reporting, and summarizing past financial information and transactions. Accounts Receivable Turnover (AR Turnover) - ANSWER An activity ratio found by credit sales divided by accounts receivable. Activity Ratios - ANSWER A category of ratios that measure how well a company uses its assets to generate sales or cash, showing the firm's operational efficiency and profitability. Additional Funds Needed (AFN) - ANSWER Another name for the discret...

True / False 1. A principal has the right to control an agent’s conduct in matters entrusted to the agent. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy REFERENCES: Introduction LEARNING OBJECTIVES: LO - 1 NATIONAL STANDARDS: United States - BUSPROG - Analytic - Business knowledge and analytic skills LOCAL STANDARDS: United States - OH - Default City - AICPA Legal KEYWORDS: Bloom's: Knowledge 2. Through agents, a principal can conduct multipl...