The two primary advantages of a 15-year mortgage over a 30-year mortgage are
A) lower payments and prepayment privileges.
B) lower interest rate and lesser interest charges over the life of the loan.
C) greater financial flexibility and no prepayment penalties.
D) easier qualification criteria and more affordable initially.
E) none of the above.
Answer: B
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Which one of the following transactions would result in the creation of a noncurrent deferred tax liability?
A) interest received on municipal bonds B) a contingent liability expensed in the current period that is expected to require a cash payment in three years C) royalties received in advance that are taxable when received, but that will be earned within the next three months D) using an accelerated depreciation method for income tax purposes and the straight-line method for financial reporting purposes
Which is true of early technical support efforts?
A. Supporting technology was a primary focus of most companies. B. Developers developed software while analysts handled support issues. C. Users often had no idea of whom to call for support questions. D. Recurring problems were quickly identified and resolved.
What is personal selling? What are the advantages and disadvantages of a firm using personal selling to promote a product or service?
What will be an ideal response?
Among the skills necessary for a global leader are cultural adaptability and an ability to work with and inspire individuals from a range of cultures and nations.
Answer the following statement true (T) or false (F)