if Logan received a $2,500 bonus and his mps is 0.20, his consumption rises by $2,000 and his savings rises by $500
This is true that RESPA was developed to help buyers understand settlement processes and costs.
<h3>What is RESPA?</h3>
In order to give homebuyers and sellers accurate settlement cost disclosures, the U.S. Congress passed the Real Estate Settlement Procedures Act (RESPA) in 1975. RESPA was also developed in order to limit the usage of company accounts, forbid kickbacks, and remove abusive tactics in the real estate settlement process. The Consumer Financial Protection Bureau is now in charge of enforcing the federal law known as RESPA (CFPB).
Hence, The Real Estate Settlement Procedures Act (RESPA) aims to lower mortgage interest by doing away with referral fees and kickbacks while also improving disclosures of settlement costs to customers.
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Answer:
The correct answer is: direct costs.
Explanation:
The direct costs are the costs that can be easily traced to the goods or services or projects. It includes material and labor cost and distribution cost incurred in the production of a product.
It is contrasted to indirect costs which cannot be traced to a product and is not directly linked to a product.
The sunk costs are cost which has already been incurred are no longer relevant for economic decisions.
Fixed costs are the costs that do not vary with the change in the volume of product.
So, the direct cost is the correct answer.
Answer:
A lawyer
Explanation:
because he is the company lawyer and has a legal right
The process of defining the objectives of a company and then developing a method to achieve those objectives is known as:<u> Strategic planning</u>.
<h3>What is Strategic planning?</h3>
Strategic planning can be defined as the process of setting up an objectives or goals and then planning how to achieve the sets objectives and goals.
A company or an organization that want to achieve their future goals must tend to make use of Strategic planning.
Therefore The process of defining the objectives of a company and then developing a method to achieve those objectives is known as:<u> Strategic planning</u>.
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