When the sellers are lending part of the purchase price, they may secure the debt either with a deed of trust or a mortgage. For the seller, one benefit of the deed of trust is that foreclosure is usually simpler and faster.
Foreclosure is the process by which the lender retakes the real estate when a borrower defaults on a home loan.
In the states which allow the use of a deed of trust as opposed to a mortgage agreement, most of the homes are foreclosed through a process called non-judicial foreclosure.
Non-judicial foreclosure occurs outside the court system, and is usually much faster and cheaper than judicial foreclosure.
Defending against non-judicial foreclosure in court is difficult because usually one must show the court that he will be able to afford to pay off the loan if it is reinstated.
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Answer: Assets = Liabilities + Stockholders Equity.
Explanation: Assets refers to the resources owned by a firm for operating its business. Equity refers to the amount of fund invested in the business by the shareholders and liabilities are the obligations of the business.
Thus, it is assumed that every asset that an organisation owns is either purchased by the funds that belongs to the shareholders or on credit by taking liabilities into account.
Hence, from the above we can conclude that ,Assets = Liabilities + Stockholders Equity, correctly depicts the accounting equation.
In regard to project priorities, if a project parameter such as the completion date or the cost of a project is fixed and must be met, it is considered <u>constrained.</u>
Project prioritization is the process of determining which potential and existing projects are the most urgent and important. This process involves evaluating the standards most relevant to your business and applying those standards to all projects.
The project scope is the part of the project plan that establishes and documents a list of objectives, deliverables, tasks, costs, and deadlines for a particular project. A document about the scope of a project is called a scope statement or terms of reference.
The project priority system selects which projects should be pursued in support of the organizational strategy. Additionally, a model is needed to assess the long-term effectiveness of the project prioritization system. The scoring model focuses on performance in the following key areas:
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When a manager re-designs the compensation plan for his/her department, then he is performing the <u>Implementing function</u> of management.
The Organization management refers to various functions performed by manager to ensure his/her employees will continue to work towards a common predefined goal.
The functions of organization management includes planning, organizing, staffing, leading, implementing and controlling.
So when the manager re-designs the compensation plan for his/her department, then he is performing the <u>Implementing function</u> of management.
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