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sergejj [24]
4 years ago
13

When you take out a mortgage your home becomes the collateral true or false?

Business
2 answers:
spin [16.1K]4 years ago
8 0

A mortgage is a long term loan issued by a financial institution such as; banks. These are loans obtained for a large sum of finance required. Example; an entrepreneur requires 60 million for expansion of the business. Therefore in such cases, a house is normally worth this amount and thus, a collateral security is given which is the house.

Karo-lina-s [1.5K]4 years ago
5 0

Answer:

TRUE

Explanation:

A mortgage is a line of credit where you place your property as collateral to the lender to get a loan at a lower interest rate. This is very common in high value loan transactions. If you honor the payment normally, nothing changes with your property, but if you do not honor the payment, you may lose the property through a lawsuit in which the creditor claims the property.

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Elon Musk is the product architect who developed the famous Tesla electric car. This car is one of several ideas and businesses
snow_tiger [21]

Answer:

The correct answer is innovative.

Explanation:

In business terms, innovation is something that is not often seen, since many for fear of risk and investment do not dare to generate new things. The comfort of continuing with what is already established is the enemy of innovation. But this attitude of facing business also has complications, since the lack of innovation and risk can end a company.

5 0
3 years ago
In a competitive market the price is $8. A typical firm in the market has ATC = $6, AVC = $5, and MC = $8. How much economic pro
Luba_88 [7]

Answer:

$3 per unit

Explanation:

In short run a monopolist and competitive firm try to maximize their profit and minimize costs until the the marginal revenue equals to the marginal cost.

In this question the average variable cost is lower than the marginal cost the difference between both is the profit for the short run.

Economic profit = Cost saving

Economic profit = Marginal Cost - Average variable cost

Economic profit = $8 - $5

Economic profit = $3

5 0
4 years ago
I’ll mark the best one with 20 points
Novosadov [1.4K]
It’s is definitely b and c
3 0
3 years ago
Hutch Inc., a software company, uses an approach in which software developers and programmers interact directly with customers.
Eduardwww [97]

Answer:

The question is incomplete, the options are missing. The options are the following:

A)  Total Quality Management

B)  Downsizing

C)  Agile

D)  Outsourcing

E)  Just-in-time

And the correct answer is the option C: Agile.

Explanation:

To begin with, the <em>"Agile Software Development"</em> is considered to be an approach when it comes to software devolpment and it focus on the devolpment of requirements and sollutions by the work of the whole team inside an organization and its consumers or users that will have a huge relationship in other to interact with the other group so that the client gets the best work as possible becuase of the great relationship between the parties. That is why that in the case presented, Hutch is using an Agile approach to interact directly with the consumers.

6 0
3 years ago
According to Hume, how can you prove that the future will resemble the past?
Lerok [7]
Answer
We cannot know that the future will resemble the past by means of demonstrative reasoning,since there is no contradiction in suggesting that the future will not resemble the past.
:) Hope this helps
3 0
3 years ago
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