Just prior to the global financial crisis, mortgage loans known as NINJA loans were issued to borrowers. What is a NINJA loan?
A) A loan issued by a Japanese bank, thus avoiding U.S. regulation.
B) A loan document originated by a mortgage banker named Bruce Lee.
C) A loan issued to borrowers with no income, employment, nor assets to speak of.
D) A loan issued with a "martial arts" clause.
C
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Indicate whether the statement is true or false
[The following information applies to the questions displayed below.] Tarnish Industries produces miniature models of farm equipment. These collectibles are in great demand. It takes two operations, molding and finishing, to complete the miniatures. Next year's expected activities are shown in the following table: MoldingFinishingDirect labor hours 75,000DLH 160,500DLHMachine hours 98,000MH 81,500MHTarnish Industries uses departmental overhead rates and is planning on a $2 per machine hour overhead rate for the molding department. Compute the estimated manufacturing overhead cost for the molding department given the information shown in the table.
A. $321,000 B. $195,000 C. $196,000 D. $471,000 E. $163,000
Which of the following is not an example of primary research?
A) Administering a questionnaire. B) Consulting a journal. C) Preparing a survey. D) Networking to discover information from other individuals.
The act of state doctrine provides that the executive branch of one country will not examine the validity of public acts committed by a recognized foreign government within its own territory
a. True b. False Indicate whether the statement is true or false