Suppose you have a adjustable rate mortgage with a present interest rate of 13%. The current rate is set according to an interest rate index that had a rate of 15% when the current rate on your home loan was determined
Assuming that adjustments are unlimited in either direction, what is the interest rate on your home mortgage in the next adjustment period if the interest rate index is at 14%?
A)
12%
B)
13%
C)
14%
D)
15%
A
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With the ________ heuristic, predictions of usage are based on quickness and ease of use
A) availability B) representative C) anchoring D) adjustment E) semantic
Secondary data consists of information ________
A) that already exists somewhere but is outdated B) that does not currently exist in an organized form C) that already exists but was collected for a different purpose D) used by competitors E) that researchers can only obtain through surveys and observation
An example of demographic information would be:
a. the location in which an individual stays. b. the ethical principles of an individual. c. the level of creativity of an individual. d. the technology an individual uses.
Which of the following is NOT a characteristic of a functional strategy?
a. A functional strategy is developed and implemented at a lower level in the corporate hierarchy. b. A functional strategy has a shorter time horizon. c. A functional strategy is more broad and abstract when compared to higher level strategies. d. A business strategy may have many functional strategies.