Answer:
submit both offers.
Explanation:
The broker should submit both offers to the client who will decide which one he will pick.
When receiving the offer from the salesperson of the cooperating broker he may be tempted to only submit the offer from his own salesperson.
The broker must act in the interest of the client and submit both offers.
Answer: $45,600
Explanation:
The Implicit cost is the opportunity cost. In other words, it is cost that was incurred because a revenue opportunity was sacrificed.
Sam sacrificed his salary as a pilot, his interest payment and the building he could be renting out.
His total implicit cost is;
= 40,000 + (10,000 * 6%) + 5,000
= $45,600
Answer:
Managers are most likely to use detailed rules, SOPs( standard operating procedures), and restrictive norms to govern employees activities.
