Using a 33% trade discount, Kitchen Magic offers bowls for $500 per dozen. Similar product lines are sold by a number of regional vendors.
What is similar and examples?
The meaning of similar is two items that are somewhat similar but not exactly the same in their qualities. A cream skirt and a white skirt are two examples of similar clothing. Similarity refers to sameness or similarity. When contrasting two things, whether they be actual items, concepts, or experiences, you frequently consider both their similarities and contrasts. The opposite of similarity is difference. A resemblance between squares and rectangles is that they both have four sides.
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which of the following is true regarding meetings? it is not necessary to create an agenda for a last-minute, emergency meeting. a meeting agenda is used to document people who actually attended the meeting. a meeting agenda is used to address the purpose of the meeting. project managers should be more involved in preparing for meetings than team members.
A meeting agenda is used to address the purpose of the meeting.
A business meeting is an event where two or more people come together to make decisions or to talk about the objectives and daily operations of the company. A corporate conference can now be joined from anywhere thanks to the advent of video conferencing capabilities, even though the majority of meetings are still held in person in offices.
Professionals get together for business meetings to talk about operations, deal with changes, or celebrate organisational successes. Department heads and their teams, business representatives and clients, or business executives and staff are a few examples of groups that might congregate.
It is beneficial to keep track of the organization's processes and actions in order to fulfil its goals and objectives.
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highly developed procedures and rules in each franchise location may reduce the importance of having strong leadership in any given location. this is an example of:
This statement is an example of the principle of "Formalization" in organizational structure.
Formalization refers to the degree to which an organization has developed and codified rules, procedures, and roles.
In this case, the statement suggests that the c has highly developed procedures and rules in each franchise location, which reduces the importance of having strong leadership in any given location.
This is because the procedures and rules provide a clear framework for employees to follow, which allows them to function effectively without as much direct supervision. Therefore, the more formalized an organization is, the less dependent it is on the specific qualities of individual leaders, as the rules and procedures guide the employees.
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during which stage in the management of a special project does a project manager develop a tentative calendar
During Planning stage in the management of a special project does a project manager develop a tentative calendar.
What does planning primarily mean?Setting up goals and objectives for a specific time period, coming up with alternatives for the course of action to be taken, and then selecting the best course of action among the different options are all parts of the planning process.
What kind of planning comes to mind?A mobile phone firm establishes the goal of selling 200,000 units, which is twice the amount currently sold, in the following year. The future is the main focus of planning, and a few occurrences are anticipated to have an impact on how policies are formed.
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Which of the following occurs when firm pressure is used to apply the stethoscope's bell endpiece to the skin?
a. It transmits low-pitched sounds.
b. It functionally converts to a diaphragm endpiece.
c. Assessment findings are more accurate.
d. Most sounds are occluded.
Option b. It functionally converts to a diaphragm endpiece. This is the correct answer.
What is firm in a business?
A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership.A firm is a type of commercial entity that aims to turn a profit by selling products and services. The words "firm" and "business" are interchangeable. Businesses can be organized in a variety of ways, such as sole proprietorships or corporations.Because his initial will is the only way his company may exist, the entrepreneur is regarded as the firm's owner. Furthermore, because his property is at risk, the entrepreneur, as the company's owner, is logically driven to run the business well.To learn more about firm refer to:
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if country a has an absolute advantage in computers and food over country b, country a has a comparative advantage in computers and country b has a comparative advantage in food, what should happen in terms of specialization and trade?
If a country has an absolute advantage in producing a good, it means that: the country is able to produce that good using fewer resources than other countries.
What is terms of specialization and trade?Focusing on a single product or a small range of items allows businesses to specialize and become more effective. A corporation or economy can benefit from specialization by increasing productivity and gaining a competitive edge.Businesses can increase productivity by specializing. The firm becomes more efficient and productive since it just uses resources to produce one product. As a result, businesses' operating expenses are reduced, increasing profitability.When two economic players exchange commodities or services voluntarily, this is referred to as trade. Trade is typically thought to benefit both parties because transactions are voluntary. Buying and selling securities or other assets is referred to as trading in the financial industry.To learn more about specialization and trade refer to:
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Identify the key value driver for Uber.Think about the following when answering the question.- What do you know about Uber's business profile?- In your view, which factor(s) would have the most significant impact on the future value of the business?- SWOT and Porter's five forces analyses of Uber are generally conducted in the practice.Note: Value drivers are variables that exert the greatest impact on firm growth, future prospectus, and firm value.
Service distinction is the key value driver which is the main value-creator for Uber.
Uber offers services like convenient booking by connecting with users through digital media. Customers can now hire a cab whenever they want, from anywhere. Technology and consumer satisfaction are two factors that drive value for Uber.
Uber's network has expanded to other nations. It offers customers the option to book cabs of various categories, ranging from luxury to sedan automobiles. The level of service offered to clients through technology interface and personal interface, such as cab drivers, will have an impact on the future value of the company. Uber may aim to improve customer loyalty and happiness by adapting its business model to various market types and educating its workforce to provide high-level customer care.
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do you have more control over direct costs or indirect costs? explain why.
Direct cost is incurred on specific projects, units, departments, and objectives. Indirect cost, on the other hand, is incurred to provide multiple benefits to the business at large.
What are direct costs and indirect costs?Direct costs are those that can be directly ascribed to such operations, relatively quickly and accurately, and can be associated explicitly with a single supported project. Direct costs are expenses that may be traced back to a specific cost object. The terminology used in accounting is direct cost. Specific cost is the corresponding terminology in economics. A joint cost, in contrast, is a cost associated with the creation or delivery of several items or product lines.The expenses of conducting business that are not immediately associated with a specific grant, contract, project function, or activity but are necessary for the overall functioning of the organisation and the performance of the activities it undertakes are known as indirect costs.To learn more about direct costs refer to:
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mediaquant is a firm that tracks media coverage for each candidate and assigns a dollar value to it based on advertising rates. it evaluated the 2016 presidential campaign and concluded that donald trump received $4.96 billion in free media coverage, 60% of which came from the internet, including online news, blogs, forums, and social media. which statement best explains the significance of this campaign strategy? choose 1 answer:
The ideal course of action in the present situation is as follows: Bypassing dependency on political parties and platforms, social media enables candidates to personalise outreach to a new generation of voters.
Media coverage is any blog entries, RSS feeds, videos, or other forms of digital content created by individuals or organisations other than your own that include information on your business, its goods, or services.Through media coverage, the general public is exposed to your message, which also contributes to the development of brand trust. Positive press may be a highly valuable tool when customers decide whether to buy a product or service from you based on their web research.Events in business, sports, politics, crime, and editorials, columns, and political cartoons can all be categorised under this heading. News and weather predictions are regularly featured. Photographs are increasingly being used in newspapers to accompany stories.To know more about social media visit:
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In a country called Nubaria, the capital share of GDP is 40 percent; the average growth in output is 4 percent per year; the depreciation rate is 5 percent per year; and the capital-output ratio is 2.5. Suppose the production function is Cobb-Douglas and Nubaria is in a steady state.
What is the saving rate in the initial steady state?
What is the marginal product of capital in the initial steady state? What is the economic interpretation of this number?
What is the general definition of the "Golden Rule" steady state? Is this particular economy at that point? Find out by computing the marginal product of capital at the Golden Rule steady state, compare, and explain!
Compute the capital-output ratio and the saving rate required to get to the Golden Rule point. Are they higher, lower or equal to those from before? Why?
A steady state savings rate of 100% in the Solow growth model suggests that all income is being invested in capital for future production, which implies a steady state consumption level of zero.
What has to be the starting steady state saving rate?To reach the steady state described in the Golden Rule, the saving rate must rise from 17.5 to 30 percent.
What is the capital's marginal product in the initial steady state? What does this number represent economically?As opposed to 12 percent at the first steady state, the marginal product of capital is now 7 percent at the Golden Rule steady state. As a result, we must raise k from the initial steady state in order to reach the Golden Rule steady state. d. We learned in Chapter 3 that for a Cobb-Douglas production function, MPK = (Y/K).
What is the economic golden rule for steady states?The goal of saving is to reach a stable situation where the slopes of the capital-widening ray nk and the intense production function f(k) are identical. The slope of the capital-widening ray is n-sided. The slope of intensive production is the capital's marginal product (MPK).
A condition is considered to be in the steady state when per capita output is constant, which implies that k is constant. In order to do this, the production that is conserved must exactly match the amount needed to (1) outfit any extra personnel and (2) replace any out-of-date capital.
What separates the Golden Rule from steady state?One approach to figuring out the ideal saving rate is to find the rate of saving that optimizes consumption per person in the steady state. The "golden rule" is represented by this saving rate. Lower saving rates would lead to lower long-run steady-state consumption per person, but higher short-term consumption would follow.
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Collection of a $1,500 Accounts Receivable Select one:a. decreases a liability $1,500; increases owner's equity $1,500. b. increases an asset $1,500; decreases a liability $1,500. c. increases an asset $1,500; decreases an asset $1,500. d. decreases an asset $1,500; decreases a liability $1,500
The amount of an asset that is increased or decreased by the collection of an accounts receivable of $1,500 is $1,500.
What do you meant by Accounts Receivable ?According to the direct right off method of writing off uncollectible accounts, growing and decreasing stockholders are the results of the accounting equation when writing off a customer's account. Investment cost. When assets and liabilities rise, assets also rise, resulting in a decline in stockholders' equity, assets, and assets. The right response is a decline in liabilities and assets.
Customers who have received products or services from a business but haven't yet made payment are said to have accounts receivable. For instance, when clients buy goods on credit, the outstanding balance is added to the accounts receivable. It is a duty resulting from a commercial transaction. In a balance sheet, the current assets section includes a list of accounts receivable.
Therefore the correct answer is option c ) increases an asset $1,500; decreases an asset $1,500
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the career success of both queen elizabeth ii and lady gaga may be attributed to their willingness to engage in systematic strategic planning [see pp.4-5] group of answer choices true false
It is False. Both Queen Elizabeth II and Lady Gaga's career success can be attributed to their willingness to engage in systematic strategic planning.
Why wasn't Queen Elizabeth born?Then Princess Elizabeth, she was the eldest daughter of the Duke and Duchess of York and was never expected to become Queen. That changed when King Edward VIII abdicated and her father became King George VI and Princess became the heir presumptive.
What did Queen Elizabeth suffer from?Bone marrow cancer: Queen Elizabeth II secretly battled a particularly terrifying form of cancer in the last years of her life, according to a new book. A future biography of Her Majesty, written by a close friend of Prince Philip, states that the Queen suffered from bone marrow cancer, with bone pain being the most common symptom.
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False. While both Queen Elizabeth II and Lady Gaga have had successful careers, their success cannot be attributed to their willingness to engage in systematic strategic planning.
what is systematic strategic planning?A long-term strategy can be developed for a company or a person through a process called systematic strategic planning. It often entails establishing objectives, assessing the present environment, seeing potential opportunities and risks, and developing a strategy to meet the objectives while resolving any potential obstacles. It is a logical and systematic strategy to choosing the optimal course of action for future achievement. It might involve investigating rival companies, determining one's own advantages and disadvantages, and developing a budget and action plan to carry out the strategy. In other words, it's a step-by-step procedure for determining an organization's or person's direction and making the greatest use of available resources in order to accomplish the intended results.
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during the month, lathers co. received $468000 in cash and paid out $203000 in cash.if the balance of the cash account is $325000 at the end of the month, what was the cash balance at the beginning of the month?
The cash balance at the beginning of the month is $122,000.
What is a cash balance?The amount of money a corporation now has available is known as its cash balance. This cash is held in the reserve to cover any unforeseen cash outflows. Without this financial safety net, the companies might find themselves unable to cover their expenses. Cash balance is especially important for businesses where there is a big variance in the timing and volume of cash inflows and outflows. Businesses that have a large cash balance suffer from cash drag and frequently lose out on investment possibilities. Conversely, businesses with little cash on hand may pass on lucrative possibilities owing to a lack of resources and are frequently compelled to engage in unwanted transactions in order to enhance their financial records.
Cash balance= 325000- 203000= $122,000
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In which of the following scenarios would any delay in performance most likely be deemed a material breach
The following scenarios would any delay in performance most likely be deemed a material breach is delay in Mercantile contract.
What is Mercantile contract?Merchant law" is another term that is synonymous with "commercial law," which refers to the laws that govern disputes and transactions between individuals and businesses engaged in commercial activities. These activities include trade, financing, merchandising, the sale and distribution of goods, and the use of negotiable instruments.
These commercial laws are codified in the Uniform Commercial Code (UCC) which is adopted by all 50 states and has significant overlap with the fields of contract and property law. The law that governs all business-related transactions, including contracts, sales, buying and selling, as well as transportation. This area of law also covers responsibilities and rights that arise from business transactions.
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The complete question is :
In which of the following scenarios would any delay in performance most likely be deemed a material breach
delay in Mercantile contract
no Mercantile contract
immediate Mercantile contract
one orange juice future contract is on 15,000 pounds of frozen concentrate. suppose that in september 2016 a company sells a march 2018 orange juice futures contract for 120 cents per pound. in december 2016, the futures price is 140 cents. in december 2017, the futures price is 110 cents. in february 2018, the futures price is 125 cents. the company has a december year end. what is the company's profit or loss on the contract? how is it realized?
The business's fiscal year ends in December. The contract has cost the corporation $750 in losses.
Just how do you characterize contracts for the future?A written agreement to buy or sell a specific commodity asset, investment, or other financial instrument at a specified price at a predetermined point in the future is known as a futures contract. Futures contracts have quality and quantity standards to facilitate trading on a futures market.
As part of a derivative contract between the two parties, the seller of the future promises to sell the buyer the underlying assets at a later date. The buyer must sign the contract after the asset's price has been determined.
Future Contract for Frozen Concentrate of 15,000 Pounds:
Price of orange juice futures for March 2018 = 120 cents per pounds
The futures price in December 2016 = 140 cents
December 2017, the price of the futures = 110 cents
The price of the futures in February 2018 = 125 cents
Loss on futures contract = (125 - 120) x 15,000 = $750
b) The two parties to this futures contract for frozen concentrate agreed to sell and buy 15,000 pounds of frozen concentrate at a fixed price of 120 cents per pound in March 2018, even though the deal was initially signed in September 2016.
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g the dual mandate of the federal reserve system is maximum employment and and a stock market that does not decline. true false
The dual mandate of the federal reserve system is maximum employment and a stock market that does not decline. - False
Interest rates are set by the Federal Reserve System, which is in charge of monetary policy. The legislative branch of government sets fiscal and tax policies. Knowing the Federal Reserve's money supply might help you decide when it is the optimum time to invest.
The Federal Reserve System's dual duty is to promote maximum employment and maintain price stability, not to prevent stock market declines. The goals of the Federal Reserve are to support low unemployment, stable pricing, and sustainable economic growth. The health of the general economy and the financial markets can have an impact on stock market conditions, even if the Federal Reserve does not directly target stock market performance.
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a marketer is attempting to capture website visitor's information to help grow their subscriber list. what tool will help the marketer capture this information?
Create a double option in campaign that requires subscribers to confirm their email address by clicking a link in an email they receive after subscribing via Web Collect.
You can advertise your goods or services by using marketing tools. Most firms increase their sales by using a variety of marketing strategies. To promote your company, you might combine the use of advertising, direct mail, and social media management.
Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of a business.
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what are the differences between functional organizational structure and project organizational structure?
Projectized Organizations are set up to maximize the efficiency of project management. Organizations having structures that combine the traits of functional and projectized organizations are known as matrix organizations.
Management, whether it be in a for-profit, nonprofit, or governmental organization, is the administration of the institution. Determining an organization's strategy and supervising employee efforts to achieve goals through utilizing resources, such as financial, natural, technological, and human resources, are both parts of management. The terms "run the business" and "change the business" are used in management to distinguish between carrying on with the provision of goods or services and tailoring the same goods or services to satisfy shifting client expectations - see trend. Managers, who are in charge of overseeing a business, are also referred to as "management."
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Lightspeed Industries Balance Sheet As of January 24, 2021 (amounts in thousands) Cash 14,100 Accounts Payable 1,900 Accounts Receivable 3,200 Debt 3,600 Inventory 4,900 Other Liabilities 2,000 Property Plant
The firm has $14,100 in cash, $3,200 in accounts receivable, $4,900 in inventory, $1,900 in accounts payable, $2,000 in other liabilities, and $3,600 in debt.
The balance sheet of Lightspeed Industries as of January 24, 2021 shows that the company has assets of $21,200 (cash, accounts receivable, inventory, and property plant) and liabilities of $7,500 (accounts payable, other liabilities, and debt) which means the firm has $13,700 in equity. This gives us a snapshot of the company's financial position at a specific point in time. The balance sheet provides information about the company's liquidity, its ability to meet short-term obligations, and its long-term solvency. The balance sheet is one of the most important financial statements for investors and creditors because it shows the company's assets, liabilities, and equity and helps them to evaluate the company's financial health.
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Joachim enters an interview, and the interviewer says, “Tell us about yourself.” How should Joachim respond in a way that is MOST likely to get him hired?
A.
He should share some recent personal problems he is dealing with.
B.
He should talk about his strengths and how they would fit the company.
C.
He should restate many of the highlights from his resume.
D.
He should tell them the entire story of his life starting at birth.
Answer:
B, I believe.
Explanation:
Answers A and D seem inappropriate, it's not necessary that the interviewer hears about this. Not D, He shouldn't need to repeat to the interviewer what they've already read. B would help convince the interviewer that he's a good choice for the position he is applying for.
The Dodd-Frank Act contains the Volcker Rule, which encourages financial institutions to allow for more speculative investments for average investors. Group starts
The statement about the Dodd-Frank Act containing the Volcker rule is a False statement.
Within the country of the United States various acts and measures have been taken by the United States government to increase the efficiency of the economy. The Dodd-Frank Act is one of those measures that intends to improve the economy. This Act was launched by the government of United States in order to bring more transparency in the system of economy within the United States. This act also enhances the financial accountability and improves the financial stability of the Us economy. The Volcker rule is used to prohibit the banks from certain investment activities within their own accounts. So it is wrong to say that this rule allows financial institutions to increase investments.
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Complete Question:
The Dodd-Frank Act contains the Volcker Rule, which encourages financial institutions to allow for more speculative investments for average investors.
True or False
Which of the following is an example of substitutes ?
(a) Tea and sugar
(b) Tea and coffee
(c) Pen and ink
(d) Shirt & trouser
Tea and Coffee are examples of substitutes.
Hence Option B is correct
In microeconomics, substitutes are two items that consumers can employ for the same purpose. Because they view both products as comparable or similar, consumers will desire less of one when there is more of the other.
Think of the commodity pairs tea and coffee as an example of substitution. There is a negative link between any pair of complementary commodities.
In microeconomics, substitutes are two items that consumers can employ for the same purpose. Because they view both products as comparable or similar, consumers will desire less of one when there is more of the other. Unlike gifts and gratuitous services.
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At the end of the 19th century, which were NOT the main industries the West relied on the East for markets and capital?
During the 19th century occurred the Industrialization in Britain and its neighboring countries. In this era, the people mainly depended on working with machines and wanted more resources to produce and needed a marketplace.
So, Great Britain has undergone importing resources from the countries that they are ruling.
Britain kept the methods of manufacturing the machines a secret, so a huge population came to Britain to work and so of them stole some machines and their ideas of manufacture.
The western countries relied on agricultural products like cotton, rubber, etc., and later after manufacturing the products the west dumped their products in the countries, they rule to sell them and make profits.
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a consumer must decide between purchasing a new television or a new computer. what limited resource is responsible for this trade-off decision?(1 point)
A consumer must select between buying a new computer or television. What constrained resource led to this trade-off choice.
What do you mean by constrained?
impose stricture, restriction, or limitation in order to coerce. Teenagers may feel restricted by the rules. an artist restricted by the demands of a customer. to limit (a mechanical body's) motion to a specific mode When the dimensions and placement of the sketch's geometry are established, the sketch is considered fully constrained. Constrictions and dimensions are combined to achieve this. Although it is not always necessary, it is generally a good practise to totally limit sketches.
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Generally, which inventory costing method most closely approximates the current cost for each of the following
The inventory that was recently purchased will be sold first, with the current cost being added to the cost of goods sold, in accordance with the last-in-first-out (LIFO) methodology.
What does inventory actually mean?The items and supplies that a company keeps in stock (or inventory in American English) with the intention of using, manufacturing, or reselling them are referred to as inventories (in other languages).
The primary objective of inventory management is to locate and identify the type of stocked goods. Prior to the regular and scheduled course, materials must be manufactured and stocked at various points within a facility or throughout a supply network.
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you decide to group employees based on what they know. what basis for grouping employees will you use?
As one have decided to group employees based on what they know. The type of basis for grouping employees, in this case, will be based on employee knowledge and skills.
What are bases for grouping employees?The bases for grouping employees are as follows:
Employee knowledge and skills: Employees are classified based on their knowledge; for example, pharmaceutical companies have departments such as oncology and genetics.Employees are classified according to their business function; for example, many organizations have departments of human resources, marketing, and research and development.Work process: Employees are classified according to the activities they perform; for example, a retailer may have separate retail store and online departments to reflect two distinct sales processes.Read more about employees
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Many economists have argued that these adjustable-rate mortgages greatly contributed to the 2007-2008 financial collapse because these are mortgages that have what kind of interest rate?
A. Unsecured
B. Fixed
C. Variable
D. Principal
According to several observers, adjustable-rate mortgages largely contributed to the financial crisis of 2007–2008 since they have (C) variable interest rates.
What are the variable interest rates?Any sort of financial instrument, such as a loan, bond, mortgage, or credit, that does not have a fixed rate of interest over the instrument's life is said to have a floating interest rate, also known as a variable or adjustable rate.
Typically, floating interest rates fluctuate in response to a reference rate (a benchmark of any financial factor, such as the Consumer Price Index).
The London Interbank Offered Rate, or LIBOR, is one of the most popular reference rates to use as the foundation for implementing floating interest rates (the rates at which large banks lend to each other).
Many analysts contend that because adjustable-rate mortgages contain variable interest rates, they significantly contributed to the financial meltdown of 2007–2008.
Therefore, according to several observers, adjustable-rate mortgages largely contributed to the financial crisis of 2007–2008 since they have (C) variable interest rates.
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which explains why scarcity is a basic fact of life? responses technology has not advanced far enough yet. technology has not advanced far enough yet. demand will always be greater than supply. demand will always be greater than supply. there will always be too many people on the earth. there will always be too many people on the earth. people cannot make good allocation decisions.
Demand will always outweigh supply, is a basic reality of life.
Which explains why lack is a universal truth?Supply and demand will always be out of balance.
Of the following, which best defines scarcity?Answer and justification The right response is b. When compared to the demand for them, resources are few. The discrepancy between people's seemingly limitless needs and the economy's finite resources is known as scarcity, and it is considered to be an economic problem.
Which answer in the quizlet best describes why scarcity Cannot be eradicated?People will always demand more, no matter how much is produced.
Which of the following best explains why scarcity cannot be eliminated by the game of economics?People will always demand more than is produced, regardless of how much is produced.
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strategy is a detailed plan that programs the actions of an organization or an individual. [see pp.15-16] group of answer choices true false
Strategy is a detailed plan that programs the conditioning of an association or a person. Business fashion characterizes how an establishment contends in a specific assiduity or request. how an establishment lays out an upper hand over its opponents inside a particular assiduity or request. This assertion is true.
Strategic planning is a cycle wherein an association's chiefs characterize their vision for the future and fete their association's objectives and targets. The cycle incorporates laying out the grouping in which those objects ought to be conceded so the association can arrive at its expressed vision.
Strategic operation is the most common way of defining objects, strategies, and targets to make an association or association more serious.
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what are some ways that organizational structure can impact the role of a project manager? select all that apply.
A company's organizational structure may dictate the level of project management, who makes ultimate project decisions, the communication of project goals and tasks and how the project manager works with his team.
What is meant by organizational ?
A group of people who cooperate is known as an organization. Examples of such groups include unions, corporations, charities, and neighborhood associations.The term "organization" can be used to describe a person, a company, a group, or the process of creating something.Your productivity levels can rise.You may spend more time working on critical activities if you keep your space organized and spend less time seeking for stuff.Your team may become more productive by being more organized, which will help increase the communication between you and your staff.Being systematic and effective is what is meant by organization.The ability to efficiently manage your time and responsibilities is a sign of strong organizational abilities.To learn more about organizational refer to
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what type of a listing agreement allows the owner to appoint an exclusive agent to sell his property, but retains the right to sell the property himself?
One broker is named as the seller's exclusive representative in a real estate listing agreement called an "exclusive listing." The seller is able to sell the home without paying the broker anything when using an exclusive agency listing.
What is an exclusive listing?A real estate listing contract known as an "exclusive listing" designates one broker as the seller's exclusive representative.
With an exclusive agency listing, the seller is free to sell the house without having to pay the broker anything.
A pocket listing, sometimes known as a hip pocket listing, occurs when a broker sells a property through personal relationships rather than adding it to the multiple listing service (MLS) or otherwise making it publicly visible. This is referred to as an Exclusive Listing in Canada.
Therefore, one broker is named as the seller's exclusive representative in a real estate listing agreement called an "exclusive listing."
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