Teaser rates are very low. How long do they last? Is there any real benefit in them?
What will be an ideal response?
Answer: Introductory teaser rates can be as low as 0.0%. They last from 6-12 months. The real benefit in using them is the interest saved during the introductory period. At the end of the period, the rates will dramatically increase. At this time, pay the balance off with a lower interest option. Just be sure to time it right.
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Imagine you sell radio advertising and you have just made a sales call at Leon Travel Agency. You notice that Mr. Leon's desk is messy and that his tie is loose. Mr. Leon seems energetic, assertive, and impatient, so you conclude that he is the ________ personality type.
A. feeler B. instigator C. senser D. intuitor E. thinker
Answer the following statements true (T) or false (F)
1. If an organization’s leadership is totally and publicly committed to a strategy of service excellence, then service is going to be excellent regardless of what kind of culture the organization has. 2. An organization’s strategy cannot succeed without a supporting culture. 3. If a hospitality organization’s culture is strong enough, guests will not be able to affect its cultural norms. 4. Managers must ensure their organizational culture is not affected by the national culture in which their organization is embedded.
The Magazine Division of Continental Publishing Company had the following financial data for the year: Assets available for use $1,000,000 Book Value $1,500,000 Market Value Residual income $100,000 Return on investment 15% Refer to Continental Publishing Company. What was the target rate of return for Continental Publishing Company?
a. 10% b. 15% c. 25% d. 5%
If revenues are expected to decline, management should attempt to convert its variable costs into fixed costs.
Answer the following statement true (T) or false (F)