Choose the One Most Appropriate Answer for Each

question 57

Multiple Choice

Choose the one most appropriate answer for each.
-membership designation for salespersons and broker licensees working for REALTORS®

• A)broker
• B)continuing education
• C)employment contract
• D)fictitious business name
• E)franchisee
• F)independent contractor
• G)licensee
• H)nonresident license
• I)notice of consent
• J)principal broker
• K)real estate commission
• L)real estate salesperson
• M)REALTOR®
• N)REALTOR-Associate®
• O)realty board
• P)recovery fund
• Q)revoke
• R)sales associate
• S)securities license
• T)suspend

Identify the regulatory bodies associated with futures contracts.

Understand the pricing theories of futures markets.

Gain insights into the process of marking to market and the role of the clearinghouse.

Understand the impact of futures markets on spot markets and vice versa.

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Definitions:

Conditioned Reinforcement

A process where a stimulus strengthens a behavior because it is associated with a primary reinforcer.

Generalization

The process of applying conclusions or rules derived from specific instances to broader contexts or similar situations.

Cognitive Map

An internal psychological representation of the spatial layout of the external world.

Discriminative Stimulus

A specific stimulus in the presence of which a particular response is more likely to be reinforced.