The Trimbles apply to Community Bank for an installment loan of $20,000 to remodel their bathroom. Discuss the disclosures Community Bank is required to make.
What will be an ideal response?
The Truth in Lending Act will apply to this loan because it is a consumer loan, it will be repaid in more than four installments or has a finance charge, the loan is for less than $54,600, and it is made by someone in the business of offering credit. All loans regulated by the TILA must have clear disclosures in a meaningful sequence. Also, the lender must disclose the amount financed, the total amount the consumer will have paid by the end of the loan, the finance charge (the amount in dollars the consumer will pay in interest and fees over the life of the loan), and the annual percentage rate (the actual rate of interest the consumer pays on an annual basis).
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Which of the following primary sources is excellent in determining competitor sales pitches, pricing, and other aspects of their activity?
A) employees B) sales force and customers C) suppliers D) Internet newsgroup
Why might the inclusive method of brand valuation be the best way determine a brand's true value?
What will be an ideal response?
Individualism vs. collectivism, one of the four axes to examine culture in different countries, is defined as ______.
a. the control of aggression and expressions of emotions b. the tendency toward assertiveness in contrast to modesty *c. the relationship between the individual and the group d. the relationship with authority and social inequality
What are two factors that can inhibit cultural awareness?
What will be an ideal response?