The loan originator changes to Regulation Z prohibits yield spread premium payments to brokers
Indicate whether the statement is true or false
True
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What is another advantage of empowerment?
A. It is an intangible way that service organizations reward employees. B. It provides a morale boost to inexperienced or failing employees. C. It requires frontline employees in an organization to decrease contact with their managers. D. It hides internal problems from the customer.
A key factor in a voucher system includes all of the following except:
A. Procedures for purchasing, receiving, and paying for merchandise are divided among several departments. B. Only approved departments and individuals are authorized to incur an obligation that will result in the payment of cash. C. It is not necessary if the supplier provides both receiving report and invoice with the merchandise shipped. D. It is applied to purchases of merchandise inventory and all other expenses. E. The system limits the individuals that can incur cash payment obligations for a company.
Which of the following is another term for convertible debt?
a. convertible bond b. convertible stock c. loan forgiveness d. revolving debt
Past decisions of the courts, the original basis for the U.S. legal system, are called:
A. Legitimate actions. B. Common laws. C. Amendments. D. Torts.