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kenny6666 [7]
2 years ago
6

Samantha and Bethany are purchasing their first home and reviewing the terms of a 15-year mortgage with their lender, Jim, at Fi

rst Union Bank. Jim reviews the amount of the loan, the interest rate, the total amount of interest they will pay over the course of their loan, and the total amount of money that will be paid over time. Jim is required to provide this information, as it is federally mandated as part of the Truth in Lending Act that was passed in 1968 to protect consumers. Jim is doing what is _______ right by providing this information to Samantha and Bethany.
Business
1 answer:
Alona [7]2 years ago
4 0

Jim is doing what is<u> legally </u>right by providing this information to Samantha and Bethany.

<h3><u>The Truth in Lending Act (TILA): What Is It?</u></h3>

A federal statute known as the Truth in Lending Act (TILA) was passed in 1968 with the intention of assisting customers in their interactions with creditors and lenders. The Federal Reserve Board implemented the TILA through a number of regulations. The act's disclosure requirements for information like the annual percentage rate (APR), the length of the loan, and the overall costs to the borrower are some of its most significant features. The borrower must be made aware of this information clearly on all documents before signing them, including occasionally on periodic billing statements.

Learn more about The Truth in Lending Act (TILA) with the help of the given link:

brainly.com/question/7696024?referrer=searchResults

#SPJ4

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It is anticipated that the worldwide shortage of highly skilled, college-educated workers will increase significantly by 2020, a
Charra [1.4K]

Answer:

A

Explanation:

As by 2020 college educated and skilled workers will be short, so companies instead of hiring more skilled workers are relocating their already hired experts and transferring some of their tedious lower skilled tasks to other workers thus reducing their cost of hiring more experts.

By redefining these __high value__ knowledge jobs, they address ___skill__ shortages and _____lower___ costs while enhancing job satisfaction.

3 0
3 years ago
How does regional institutional complexity affect mne internationalization?
Vaselesa [24]
International business research is only beginning to develop theory and evidence highlighting the importance of supranational regional institutions to explain firm internationalization. In this context, we offer new theory and evidence regarding the effect of a region's "institutional complexity" on foreign direct investment decisions by multinational enterprises (MNEs). We define a region's institutional complexity using two components, regional institutional diversity and number of countries. We explore the unique relationships of both components with MNEs' decisions to internationalize into countries within the region. Drawing on semiglobalization and regionalization research and institutional theory, we posit an inverted U-shaped relationship between a region's institutional diversity and MNE internationalization: extremely low or high regional institutional diversity has negative effects on internationalization, but moderate diversity has a positive effect on internationalization. Larger numbers of countries within the region reduces MNE internationalization in a linear fashion. We find support for these predicted relationships in multilevel analyses of 698 Japanese MNEs operating in 49 countries within 9 regions. Regional institutional complexity is both a challenge and an opportunity for MNEs seeking advantages through the aggregation and arbitrage of individual country factors.
3 0
3 years ago
Your grandmother asks for your help in choosing a certificate of deposit​ (CD) from a bank with a​ one-year maturity and a fixed
CaHeK987 [17]

Answer:

1.97% and 2.01%

Explanation:

The computation of the effective annual rate is shown below:-

Effective annual rate = (1 + Annual percentage rate ÷ n)^n -1

For CD 1

= (1 + 0.0195 ÷ 12)^12 - 1

= (1 + 0.001625 )^12 - 1

= (1.001625 )^12 - 1

= 1.97%

For CD 2

= (1 + 0.02 ÷ 2)^2 - 1

= (1 + 0.01 )^2 - 1

= (1.01)^2 - 1

= 2.01%

CD 2 will recommend to the grandmother

3 0
4 years ago
Company officers will have direct involvement with their assigned personnel and should have knowledge of organizational policies
musickatia [10]

The knowledge that company officers have over their assigned personnel will include:

  • Duty assignments.
  • Promotions.
  • Retention.
  • Performance evaluations.
  • Duty exchange.
  • Leave (vacation, sick, and wellness).
  • Substance abuse.
  • Absenteeism

<h3>What knowledge will company officers hold?</h3>

Company officers will be expected to directly interact with the personnel under them.

To do this, they are to have knowledge of certain things such as performance evaluations, substance abuse, and duty assignments. This would help them direct personnel better.

Options for this question are:

  • Duty assignments.
  • Promotions.
  • Retention.
  • Performance evaluations.
  • Duty exchange.
  • Leave (vacation, sick, and wellness).
  • Substance abuse.
  • Absenteeism
  • All of the above.

Find out more on the duties of company officers/ management at brainly.com/question/3792248.

#SPJ1

5 0
2 years ago
Which of the following does not contribute to Chris's financial problems?
zepelin [54]

C

Cause it doesn’t matter if he went to collage or not

7 0
4 years ago
Read 2 more answers
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