Discuss the housing bubble as it concerns the role mortgage practitioners are/were not to blame.
What will be an ideal response?
Answers will vary. Topics addressed may include egoism (self-interest) as an ethical perspective that drove decision-making and business practices; management pressure to drive sales and profits; deceptive sales tactics to confound unsophisticated loan applicants; financial incentives to push high-risk loans; unsustainable nature of deceptive business practices (i.e., the "bubble bursting"); and government intervention into private practice (with arguments for and against).
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Net operating working capital is equal to current assets minus the difference between current liabilities and notes payable. This definition assumes that the firm has no "excess" cash.
Indicate whether the statement is true or false
The commencement audience usually includes predominantly
a. the families of the graduates. b. people who paid to be there. c. employers of graduates. d. celebrities.
The selling formula approach to sales presentations assumes that something is known about the target customer's needs and attitudes.
Answer the following statement true (T) or false (F)
A(n) ________ provision requires policyholders to buy insurance in an amount equal to a specified percentage of property value.
A. inventory insurance B. self-insurance C. indemnity insurance D. coinsurance