Reference no: EM132221268
1. Which expenses are easiest for a manager to budget?
A) Referral fees
B) Commissions from in-house sales
C) Variable
D) Fixed
2. This year, a brokerage firm had commission income of $827,000 and paid the associates on a 62% split. The other expenses were 26% of the gross commission income. What was the company's net income?
A) $232,552
B) $99,240
C) $187,540
D) $87,681
3. An affiliated business arrangement
A) is a network of interrelated companies, owned by one holding corporation, that offer services for a real estate transaction.
B) allows the brokers to operate under one umbrella name, pay an initial fee to join, and then pay a percentage of commissions to the organization.
C) is established so that the brokers in the affiliation can pool financial resources for training, marketing, advertising, and accounting services.
D) occurs when brokers purchase existing real estate firms based on their market share, and the broker/owner becomes a manager.
3. An example of a status incentive is
A) a plaque for “sales associate of the month” in the reception area.
B) a higher commission split.
C) assigning a sales associate to oversee the staff in the manager’s absence.
D) being named the winner of a sales contest.
4. Which one of the following is an advantage of merger and? acquisitions?
a) An acquisition generally provides the investor with an existing? plant, equipment, and personnel.
b) The acquiring firm may suffer from the reputation the existing company has built up over the years.
c) The relationship between management and labor in the acquired company may complement the union situation in the purchasing company.
d) There is an opportunity to build a new manufacture from the ground up.
e) There is little brand recognition of the existing firm.
5. Host governments sometimes intervene in foreign direct investment to? ____________.
Access international stock markets
Increase stock markets
shore up balance of payments
encourage foreign companies to become suppliers
send resources out of the country