John loans George money and they sign a written agreement whereby George will repay John in monthly installments. Is this loan subject to the Truth-in-Lending Act?
a. Yes, if the loan is for more than $1,000.
b. Yes, if John and George live in different states.
c. No, if John is not in the business of offering credit.
d. No, if John and George are related.
c
You might also like to view...
When large companies undertake new-product development, they typically enlist specialists in different areas to create a ________ within the organization
A) focus group B) product category team C) sales team D) venture team E) cross-functional brand team
When a manager intervenes in a subordinate's conflict and exerts high control over both the process and the decision, that manager is using which style of intervention?
What will be an ideal response?
A durable power of attorney remains effective even if the principal is incapacitated
Indicate whether the statement is true or false
A study conducted by Scott Hawkins and Stephen Hoch found that under ________ conditions, repetition of simple product claims increased consumers' memory of and belief in those claims, and other items bought without much consideration use a heavy repetition strategy.
A. dissonance/attribution B. individual response C. customary learning D. standard learning E. low-involvement