A Broker Can Consider a Deal as Done If

question 117

Multiple Choice

A broker can consider a deal as done if:

• A) He is confident that the dealer will not back out
• B) Both parties have established credit lines for eac
• C) One party acknowledges interest.
• D) He receives verbal acknowledgement from the dealer

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Definitions:

Short-Run Equilibrium

A state in which market supply and demand balance out at a specific price level, usually considered within a timeframe where some factors are fixed.

Zero Economic Profits

A situation where a firm's total revenues exactly equal its total costs, leading to no net profit or loss after considering both explicit and implicit costs.

Normal Profits

An economic condition where a firm's total revenue is equal to its total costs, allowing it to cover all its opportunity costs.

Shutdown Point

The point in business operations where the revenue from the sale of goods or services is equal to the variable costs, beyond which the business would incur losses.