Closing Is the Process of Helping People Make a Decision

question 88

True/False

Closing is the process of helping people make a decision that will benefit them.

Calculate the rate of trade discount.

Compare prices from different sources taking into account trade discounts to determine the least expensive option.

Calculate real estate net proceeds and determine the listing or selling price based on commission and net proceeds.

Understand the concept of mark-up including calculating the amount of mark-up, operating expenses, and operating profit or loss.

---

Definitions:

Nonrenewable Resource

A natural resource that cannot be readily replaced by natural means on a level equal to its consumption.

Extraction

The process of removing or obtaining a substance from a source, often used in the context of natural resources like minerals, oil, or gas.

User Costs

The costs associated with the use of a product or service, including purchase price, maintenance, and operation expenses.

User Cost

The opportunity cost of using a depletable resource now, which depletes its availability in the future, or the depreciation and maintenance cost associated with using durable goods.