EXAM 120 QUESTIONS AND CORRECT DETAILED ANSWERS WITH
RATIONALES
Terms in this set (113)
What is a SWOT The strengths, weaknesses, opportunities, and threats facing a
analysis useful for business
determining?
Who has the best You and your staff
information about your
firm's operations to assist in
writing your disaster
recovery plan?
Which of the following is The number of licensees to use
one of the key decisions a
brokerage makes when
deciding how to staff the
sales force?
Broker Craig fires This is a valid reason to terminate the licensee's affiliation with
salesperson Enrique for the broker.
violating a provision of the
license law.
Which of the following is
true of this situation?
In which of the following Due to circumstances beyond their control, the parties
scenarios is impossibility of can't legally or practically do what they've agreed to
contract performance do.
occurring?
Which of the following Employment Level
demographic data points
would a brokerage be
most
interested in when evaluating
a market?
,When discussing a merger, Management Style
what would corporate
cultural fit relate to?
, As manager of the sales Line (Judy has line authority because she's directly
team, Judy has direct responsible for achieving the company's financial
responsibility for reaching goals.)
the
company's financial goals.
What type of authority does
Judy have?
Harriet is a hard worker. Of all Is she interested in promotion?
of the Before spending time to evaluate Harriet's skills
unlicensed staff, she related to promotion, managers should find out if
receives the most Harriet is even interested in being promoted.
consistently positive
evaluations from her boss.
She's the face of the firm,
greeting walk-in and
telephone clients with a
friendly, efficient manner.
She knows exactly where to
find anything and any
information she and her
colleagues need. What's
the first question managers
should ask when
determining if Harriet is
suitable for promotion?
Indirect
What impact do marketing
efforts have on sales? Marketing is a strategic process that impacts all
departments in a firm. Its impact on sales is critical, but
indirect
A(n)_ is certain to save a Culture of retention
brokerage
money
Which of the following is a Require identification from customers and clients
good example of proper before real estate professionals go into the field with
safety and security them.
measures for employees at