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aksik [14]
3 years ago
6

Standard Bank gives John a substantial loan to purchase a new home. This credit transaction is governed by the Truth in Lending

Act (TILA), which requires that certain written disclosures be made before a credit transaction is consummated. The TILA disclosure statement specifies the amount of $15,000, which represents the sum of interest charges John will be required to pay along with the principal amount of $100,000. This specification best exemplifies the _____.
Business
1 answer:
netineya [11]3 years ago
6 0

Answer: finance charge

Explanation: The True in Lending Act (TILA) of 1968 is a Untied States federal law that was created to promote informed customers credit, certain written disclosure be made known before a transaction be consummate.

The fee john is requested to pay by the TILA disclosure statement is the "finance charge ". Standard bank is give John loan and the transaction will be govern by the TILA.

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Which is not an object to taxation?
valkas [14]
Transaction public property

Exemption of the government
7 0
3 years ago
If each of two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, the total re
Umnica [9.8K]

Complete Question:

If each of two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, the total result is

Group of answer choices:

A. they will both increase market share.

B. they will simply neutralize one another's efforts.

C. they will both lose market share.

D. they will both improve their industrial position.

Answer:

B. they will simply neutralize one another's efforts.

Explanation:

If each of two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, the total result is they will simply neutralize one another's efforts.

A monopolist can be defined as an individual who is engaged in selling a unique product in a market without any competitor. Also, a monopolistic competition involves various firms engaged in monopoly competes with one other, but selling products that are unique and distinct from the other.

Hence, when two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, this would result in one monopolist effort canceling or nullifying the effort of the other. This simply means that, it would have been as though none of them had made any effort at all because they were both involved in doing the same thing. Thus, making the market the same as it were originally prior to their advertising efforts.

8 0
3 years ago
Using Apple as the company, how can this organization benefit from the four business intelligence capabilities? Identify the spe
luda_lava [24]

The four capabilities of a business intelligence can be divided into:

  • data presentation
  • data analysis
  • data ingestion
  • data foundation.

<h3>What is a business intelligence?</h3>

This refers to the technology that allows analyzing of data and delivering of  actionable information that can helps executives, managers and workers make informed business decisions.

The system of business intelligence is vital for business because it allows them to have an insight into what their competitors are doing and  to allows informed & educated decisions for plans.

The business intelligence would improve Apple's Customer Service function because it helps to gain better understanding of customers. For instance, it help to predict the future buying behavior of a customer.

In conclusion, the system thus increases the overall customer satisfaction by improving interactions with your customers and understanding their needs.

Read more about business intelligence

brainly.com/question/13339276

#SPJ1

7 0
1 year ago
The Truth-in-Lending Act gives debtors the right to rescind certain transactions for a period of ______ business days from the d
inysia [295]

Answer:

three

Explanation:

The Truth-in-Lending Act (TILA) applies to home loans. It requires lenders to disclose all costs related to a home loan, provides rescission rights for some transactions, and impose restrictions on home equity credits. But the TILA cannot set the interest rates or other fees charged by the lender, it only requires the lender to disclose the complete information, e.g. APR, monthly payments and amount financed.

3 0
3 years ago
Su Industries has international subsidiaries in Asia. These subsidiaries enter into transactions in both the US dollar and local
Savatey [412]

Answer: Increase / Gain of $36,000

Explanation:

Remeasurement loss, which arises from conversions of the various currencies used by the company to a functional currency, goes to the Income statement and is subtracted from the Net income.

Translation gains on the other hand, are added to the Other Comprehensive income.

The other comprehensive income will therefore increase by the translation gain of $36,000.

5 0
2 years ago
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