Subprime, or nonprime, mortgages are taken out by borrowers with low credit scores, ________ of these mortgages carry adjustable rates
A) 10 percent
B) 30 percent
C) 50 percent
D) 80 percent
Answer: D
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Generally, industrial products require greater adaptation than consumer products to meet the demands of the world market.
Answer the following statement true (T) or false (F)
The new office supply discounter, Paper Clips, Etc. (PCE), sells a certain type of ergonomically correct office chair that costs $300
The annual holding cost rate is 40% of the item cost, annual demand is 900 units, and the ordering cost is $20 per order. The lead time is 4 days. Because demand is variable (standard deviation of daily demand is 2.4 chairs), PCE has decided to establish a customer service level of 90%. The store is open 300 days per year. (a) What is the optimal order quantity? (b) What is the safety stock? (c) What is the reorder point?
The key disadvantage of foreign outsourcing is dramatically higher labor wages.
Answer the following statement true (T) or false (F)
Which of the following statements about Roth 401(k) plans is true? I. Contributions to a Roth 401(k) plan are made with before-tax dollars. II. Qualified distributions from a Roth 401(k) are received income-tax free
A) I only B) II only C) both I and II D) neither I nor II