The Mortgage Reform and Anti-Predatory Lending Act of 2010 sets minimum underwriting standards for mortgages and prohibits mandatory arbitration clauses and prepayment penalties for ARMs
a. True
b. False
Indicate whether the statement is true or false
True
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Geraldo went to the supermarket to buy a bottle of chocolate syrup. While there, he saw the latest copy of National Enquirer at the checkout stand. He had not planned on buying the magazine, but on the spur of the moment he bought himself a copy. This decision by Geraldo is an example of
A. convenience buying. B. impulse buying. C. expected behavior. D. extended problem solving. E. a habitual solution.
Shane, a partner in a law firm, makes the following gifts with their values noted: Managing partner in Shane's firm $30 Shane's personal assistant 404 clients ($27 each)108 What amount of the gifts is deductible?
A. $178 B. $125 C. $150 D. $75
Omission, telescoping, and creation are errors that may occur if the respondent has a problem remembering the information asked in the questionnaire
Indicate whether the statement is true or false
Lisa, a supervisor in a manufacturing firm, observes that her team members are always late. This annoys her so much that she wants to fire everyone in her team. However, she knows that this choice will be demoralizing. She rejects this alternative realizing that this will create a sudden need for hiring and training and probably will not impress her manager. Then, she remembers that she gave "timeliness awards" last year, but that did not stop the tardiness of her team members, so she rejects that alternative, as well. Finally, she recollects reading an article that recommends spelling out the consequences of tardiness and then letting the employees experience those consequences. She decides to try that approach. This is an example of the human compromise known as ________.
A. stereotyping B. simplicity C. bounded rationality D. personal perspective