Reference no: EM132199324
1. The reason that companies need less office space today is because
A) the number of persons on the support staff has been reduced.
B) brokers have reduced office space allocation to less than 87 square feet per sales associate.
C) fewer sales associates are needed.
D) the national trend is that the sales office is no longer the sales associates' primary base of operations.
2. The two types of accounting methods are
A) income statement and balance sheet.
B) income and expenses.
C) cash and accrual.
D) fixed and variable.
3. A broker who wants to open an office using a packaged program with a proven success record would probably choose as the mode of operation
A) a franchise.
B) a national corporation.
C) an affiliated business arrangement.
D) a local affiliation.
4. Reducing office space by allowing sales associates to reserve a workstation for a desired period is called
A) officing.
B) hotelling.
C) suite stationing.
D) desk parking.
5. What are the asset requirements for a person who requests that a broker appoint a designated sales associate?
A) $1,000,000
B) $500,000
C) $5,000,000
D) $250,000