Reference no: EM132204933
1. The two types of operating expenses in an income statement are
A) commissions paid and other expenses.
B) depreciation and amortization.
C) assets and liabilities.
D) fixed and variable.
2. Which goal is unlikely to be achieved because it is NOT framed in time?
A) ''I will increase my monthly sales from 4 to 30 by July 31.''
B) ''I will make at least 20 more sales.''
C) ''I will maximize my income by the end of this fiscal year.''
D) ''I will try to do better this year than I did last year.''
3. The management style with the predominant characteristic being nonintervention is called
A) participative.
B) laissez faire.
C) autocratic.
D) dictatorial.
4. The only broker in a small brokerage corporation died. Which is NOT correct?
A) The corporation license is voided by the Commission immediately.
B) The corporation has 14 days to fill the vacancy.
C) No new brokerage business may be performed by the corporation or any licensee registered with the corporation until a new active broker is registered with the Commission.
D) The corporation must immediately notify the FREC of the vacancy and of the steps taken to fill this vacancy.