Megan and Nicole Do Business as One World Realty

question 51

Multiple Choice

Megan and Nicole do business as One World Realty.In acting on the firm's behalf in a deal with Property Acquisition Company,Megan fails to account for the profit.To her firm,Megan is

• A)liable for breach of the duty of common sense.
• B)liable for breach of the duty of economic sense.
• C)liable for breach of the duty of loyalty.
• D)not liable.

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Definitions:

Standard Scores

Standard scores are a type of score that have been transformed to fit a normal distribution, with a mean of zero and a standard deviation of one, allowing comparison across different tests or assessments.

Percentile

A statistical measure indicating the value below which a given percentage of observations in a group of observations fall.

Percentage

A portion in relation to the whole. A ratio between two dichotomous outcomes.

Scales of Measurement

Refers to the methods used to categorize and quantify variables in research, such as nominal, ordinal, interval, and ratio scales.