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Ray Of Light [21]
3 years ago
12

Erin works at a financial institution. She has offered a housing loan to a customer. While carrying out the transaction, which l

egal responsibility should she address?
A. Arrange an informal meeting with the customer
B. Organize a success party for the department.
C. Disclose all confidential information about the organization to the customer
D. Ensure that she credits the loan amount accurately to the customer’s account
E. Show the customer a list of people who defaulted on similar loans
Business
1 answer:
zubka84 [21]3 years ago
4 0

Answer:

D. Ensure that she credits the loan amount accurately to the customer’s account

Explanation:

Financial institutions are companies that offer a wide range of monetary and financial services to various customers. The financial institutions include; commercial banks, brokerage firms, investments firms and currency exchange companies. The services offered are; cash deposits and withdrawals, loans, investment services and currency exchange services.

These services can be offered to individuals or even companies that might need a wide range of financial services. In order for these services to be conducted in an orderly fashion, the services offered have to be regulated. This means that the service providers and the customers have to operate within a legal threshold. A knowledge of the legal responsibility of each party is therefor important in these type of environment.

In our case, the legal responsibility of Erin who works as a representative of the financial institution would be to ensure that she credits the loan amount accurately to the customer's account since Erin had already approved the customer's housing loan.

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777dan777 [17]

Answer:

The correct answer is letter "B": Merit pay provides an incentive for teachers to work harder.

Explanation:

The "<em>merit pay</em>" would allow teachers' to have access to better payments according to their performances. There must be a set of rules well established that determine if teachers are doing their job well or not. For those with lower ratings, the "<em>merit pay</em>" could represent an incentive to take a look at their daily labor activities to improve them so they can also access to higher income.

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3 years ago
Beatrice owns and operates a food truck in a large city. Competitors are many, and competition is fierce. Due to her small busin
Verizon [17]

Answer: e. hiring part-time help and maintaining extra inventory for peak periods (buffering)

Explanation:

In the large city described, Beatrice operates from a food truck which means that her business is small scale. Because of this, she cannot hope to influence the market which has so many fierce competitors. Her best option therefore is to work on her small business with the resources she has.

Out of the options listed, the most realistic is to hire a part-time help and practice buffering so that when demand picks up in peak season, she can take advantage of the situation as best she can. This will build customer loyalty when they are sure they can always get food from her and thus give her a little more of the market share.

Everything else listed will be too expensive for her current level and so should be avoided.

5 0
3 years ago
Outsourcing is:
Sav [38]

Answer: Option A  

Explanation: Outsourcing can be defined as the business practice under which the company transfers its certain jobs to other labor force in foreign countries.

This system is majorly employed by the organisations because of low price labor in foreign countries.

From the above explanation we can conclude that option A is correct.

4 0
3 years ago
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Mamont248 [21]

Answer:

D. how much the person has borrowed compared to how much he or she earns​

Explanation:

A person's debt-to-income ratio, abbreviated as DTI, is a measure of a person's monthly debt obligation against their monthly gross income. It shows the fraction or percentage of gross income that is committed to debt repayments. Lenders use the debt-to-income ratio to assess a borrower's ability to repay future loans.

Calculating the debt-to-income ratio requires one to add up all their existing loan repayments and divide that figure with their gross income. Lenders insist on a ration that does not exceed 36% as per the 28/36 rule.

7 0
3 years ago
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Which of the following is NOT be a warning sign of a scam when buying a car or other big purchases?
givi [52]

Answer:

D. A price that fits comfortably in your budget

4 0
4 years ago
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