A lender can make a higher-priced mortgage loan based on the value of the consumer's home without verifying the consumer's ability to repay the loan.
Answer the following statement true (T) or false (F)
False
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Semantic information distance is a term that describes
a. when employees and supervisors do not share the same view of some organizational issues, basic job duties, or employees’ participation in decision making. b. when the information being presented in a meeting is not in line with the company’s mission statement. c. how companies communicate by different channels such as phone, internet, and mail. d. when semantics play a part in organizational decision making.
Purchasing predictability is relatively high for ______.
A. direct material purchases B. indirect material purchases C. centralized material purchases D. decentralized material purchases
The power of the federal court to hear state law claims related to an underlying federal law claim is called:
a. removal jurisdiction b. pendent jurisdiction c. remand jurisdiction d. parens patriae jurisdiction
Frank, acting as a promoter for Garleen Co, a corporation not yet in existence, makes a contract with Towne Supplies. When Garleen Co is formed, it may:
a. adopt the contract, but Frank would not be released from potential liability on the contract. b. in all states, ratify the contract, thereby releasing Frank from potential liability. c. adopt the contract, thereby making it retroactive. d. ratify all or part of Frank's contract.