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2 years ago

What is the difference between a loan estimate and closing disclosure?

Business

1 answer:

maksim [4K]2 years ago

5 0

Answer:

The Loan Estimate and Closing Disclosure are two forms that you'll receive during the homebuying process. The Loan Estimate comes at the beginning, after you apply, while the Closing Disclosure comes at the end, before you sign the final paperwork for your mortgage

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An information system that contains the specialized knowledge and decision rules used by experts and experienced decision makers

Artemon [7]

Answer:

decision support system.

Explanation:

A decision support system is an intelligent system that automates the organizational decision process by collecting data regarding organizational processes and logical and quantitative learning of factors that directly impact a business.

It is then configured as a very effective tool to reduce the risk inherent in the decision-making process of an expert who does not have much experience to make a decision based on their own knowledge.

6 0

3 years ago

During a recent month, Canon Company planned to provide cleaning services to 30 customers for $ 26 per hour. Each job was expec

prisoha [69]

Answer:

$1,950 more than expected

Explanation:

In this question ,we have to compare the revenues based on expected and the actual

So, the expected revenues would be

= Number of customers × per hour rate × expected time spent

= 30 customers × $26 × 8 hours

= $6,240

And, the actual revenues would be

= Number of increased customers × per hour rate × average time spent

= 42 customers × $26 × 7.5 hours

= $8,190

The revenue is increased by

= $8,190 - $6,240

= $1,950 more than expected

This is the answer but the same is not provided in the given options

7 0

3 years ago

If the United States could produce five televisions per hour of labor and China could produce three televisions per hour of labo

IRISSAK [1]

Answer:

US specialisation in TV can be stated on the basis of Absolute Advantage, not comparative advantage.

Explanation:

Absolute Advantage is when a country can produce more output per input of a commodity, than other country.

Comparative Advantage is when a country can produce a good at lower opportunity cost (in terms of other sacrifised)

China can produce more (ie 5 units television) per hour employed, compared to US able to produce lesser (3 units) in the same time. So, on the basis of Absolute Advantage, it can be stated that US should specialise in TV production.

However, since other good's details have not been given. So, we cannot attain the relative opportunity costs. Hence, specialisation on the basis of comparative advantage can't be stated.

7 0

3 years ago

Oscar's Flower Shop maximizes profits by hiring four workers in a perfectly competitive labor market. The workers and their valu

MissTica

Answer: A. In equilibrium, each worker is paid is or her value of marginal product of labour.

Explanation:

Marginal productivity of income distribution refers to the additional revenue derived from the marginal unit of product produced and that wages should be equal to the marginal revenue derived from the production of additional or marginal product and this is achieved at equilibrium.

The theory also implies that workers should not be paid below or above the marginal revenue derivable from marginal product which implies they cannot be paid $15 or $40, moreover the product price is not a determinant of wages rate.

7 0

4 years ago

The positioning strategy can help communicate the firmâ€™s or the productâ€™s ________, which communicates the customer benefits

murzikaleks [220]

Answer:

Value Proposition

Explanation:

Value proposition is the a promise to customers that the benefit that we saying our product possesses over other competitors will be received by you if you buy our product. It provides the reasoning to the customers why they should buy our products. So the right option is VALUE PROPOSITION because the question says that the firm tries to take the customers from the market by telling them what benefits and uniqueness the product will offer you above other competitor's products.

3 0

3 years ago