Answer:
No representation broker
Explanation:
A no representation broker represents no one in a broker relationship, the agent only represents himself. Since the broker does not represent the buyer nor the seller, he/she can help them both in order to complete the transaction. There is no loyalty nor any fiduciary responsibility in the transaction.
But no representation brokers have certain duties:
- Disclose his/her duties to the sellers and buyers.
- Deal with all parties honestly and fairly.
- Disclose all known facts that materially affect the value of residential property.
- Account for all the funds entrusted to the licensee.
Answer: True
Explanation:
Repudiation of a contract means that one party is unwilling or has resigned not to perform their duties as expressed in the contract.
As this is the basis for which the contract was entered to, refusing to do it entitles the other party to cancel the contract as it no longer serves its purpose.
Answer:
Explanation:
In 2019, the gross income test is an official order that all dependents have no right to earn more than a given amount of income each year which is ($4200).
To compute the gross income for James Father, we have:
Description Amount
Gross income for rents $3000
Municipal Bond Interest 0
Dividend Income $1500
Social Security: 0
(since social security is exempted from the gross-income dependency test;
The total gross income = $4500
Thus, the gross income for James Father is $4500 as such he is not qualified to be dependent.
Answer:
Critique of advertising.
Explanation:
Advertising refers to a paid form of marketing wherein the marketer buys space for display of his products, highlighting their attributes and utility, with an object of boosting sales.
Different media forms can be used for advertisements such as visual, audio or print media forms. For instance, advertisements can be carried out via posters and banners, on the television or radio or in print media such as newspapers, journals and magazines and other publications.
One of the strong criticism against advertisements being, it being a deceptive activity wherein product attributes are often exaggerated or creating a cognitive effect to induce purchases.
In the given case, the "party attribute" highlighted by the advertisement created a perceptible influence on mind of the consumer. In this case, the consumer did not think rationally or test both the products. Instead her buying behavior was based upon perceptible influence of the advertisement she had viewed.
The scenario represents critique of advertising.
Explanation:
a. Total income formula is:
Y= C+I+G+NX
Y=20.1+3.5+5.2+(-1)
Y= $27.8 billion
b. In closed economies, income is calculated with this formula:
I=Y-C-G
I= 1.5-1-0.8
I= -$0.3 trillion
In open economies, income cannot be calculated because net exports (NX) data is missing.
c. NX is
NX= 576-445-115-81
NX= -$65 billion
NX is exports minus imports, in this case imports are more than exports. To calculate exports you need imports data.