Chess, Inc. has total equity of $35000, long-term debt of $23000, depreciation expense of $2100 in the prior year, and total assets of $58000. What is the total debt ratio?

Question 11 options:

	23.35%
	34.30%
	60.34%
	41.07%
	5.84%

You hire a real estate professional to help buy your first house. Imagine that the total real estate commission is 6% of the price of the house. While you want to pay the least possible to buy the house, you realize that this real estate professional makes more money if you pay more to buy a house. This potential conflict is known as:

Question 12 options:

	Organizational
	Structural
	Formation
	Agency
	Territorial