A loan for borrowers who do not qualify for loans at the usual market rate of interest because of a poor credit rating or because the loan is larger than justified by their income is
A) a subprime mortgage.
B) a securitized mortgage.
C) an insured mortgage.
D) a graduated-payment mortgage.
A
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Which of the following is typically the first step in conducting an audit?
A) creating a report B) presenting the findings C) analyzing information D) gathering data
Chris invested a large portion of his department's budget on the staff training program in the past year. He first assessed his staff's needs. Then, he designed a training program. Next, he determined training methods and locations and implemented the program. Now, a year later, it is time to
A. develop role-play opportunities. B. establish training objectives and content. C. evaluate the program's effectiveness. D. determine job rotation assignments. E. determine which staff need which type of training.
Under the Toxic Substances Control Act (TSCA) of 1979, every manufacturer of a new chemical must give the Environmental Protection Agency a ________
A) pre-manufacturing notice (PMN) at least 90 days before the first use of the substance in commerce B) state implementation plan (SIP) at least 90 days before the first use of the substance in commerce C) pre-manufacturing notice (PMN) at least 60 days before the first use of the substance in commerce D) state implementation plan (SIP) at least 60 days before the first use of the substance in commerce
Which of the following state taxes is unconstitutional:
a. Hawaii imposed a 20 percent tax on all alcoholic beverages except for local products b. Michigan exempted from state income taxes the retirement benefits paid to state employees, but taxed all other retirement income, such as retired federal government employees' benefits c. North Dakota imposed state sales taxes on out-of-state firms doing mail-order business with North Dakota residents d. all of the other specific choices are unconstitutional e. none of the other specific choices are unconstitutional