Under the TILA, a qualified mortgage (QM)
A)limits up-front points and fees to 5 percent
B)limits all of a borrower's debt to 43 percent of his or her income.
C)allows balloon payments only if the borrower agrees up front.
D)must allow for negative amortization.
B
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When preparing the operating budgets for a manufacturing company, the manufacturing overhead budget ________.
A) represents the last period cost to be considered B) only includes variable manufacturing overhead C) only computes the budgeted overhead cost for the year D) includes costs that are projected by the cost accountant and the production manager
In terms of prioritization and the to-do list, how can one avoid the tendency to put off a high-priority task to work on a lower-level one?
a. Look for ways to complete a high-level and a low-level task simultaneously. b. If the high-priority task becomes too much, delegate it to someone else. c. Add and prioritize new tasks as they come up. d. Ignore new tasks until the current high-priority task is complete.
Which of the following terms represents the two general types of relevant circumstances?
a. Present circumstances and future contingencies b. Present conditions and future contingencies c. Present magnitudes and future conditions d. Present magnitudes and future contingencies
In capital rationing, an initial screening of alternative proposals is usually performed by establishing minimum standards. Which of the following evaluation method(s) are often used?
A) Cash payback method and average rate of return method B) Average rate of return method and net present value method C) Net present value method and cash payback method D) Internal rate of return and net present value methods