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dimulka [17.4K]
3 years ago
15

Which of the following statements are true of an installment loan?

Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
3 0

Answer:

4) has a fixed number of payments in equal amounts

Explanation:

1) the term is much longer than other loans

FALSE, installment loans can be short or long, the term refers to periodic payments.

2) lower interest rates are charged to borrowers

FALSE, interest rates vary depending on the customer and the purpose of the loan, they can be higher or lower.

3) is technically an unsecured loan

FALSE, they can be secured or unsecured loans, there is no one size fits all rule

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Use the following to answer questions 6-10: Answer the next question(s) on the basis of the following data. All figures are in b
sergij07 [2.7K]

Answer:

GDP B). $417

NDP C. $392

NI D. $402

PI B. $314

DI A. $284

Explanation:

Gross domestic product is the total monetary value of final goods and services produce within the country.

GDP = 20 + 40 + 24 + 35 + 90 + 75 - 22 + 10 + 123 = 417

NDP = GDP - Consumption of fixed capital

NDP = 417 - 25 = 392

NI = NDP - Statistical discrepancy + net foreign income

DI = NI - Taxes on imports - social security consumption - Corporate income tax - undistributed profits.

4 0
3 years ago
The given statements are about monopolistic competition. Indicate whether each statement is true or false. A monopolistically co
Nuetrik [128]

Answer:

1. A monopolistically competitive firm may be able to distinguish itself from other firms by adjusting the physical attributes of its product, by offering a distinctive level of service, or by selecting a convenient location.- True

2.Product differentiation enables a monopolistically competitive firm to have some control over the price of its product- True

3.In the long run each monopolistically competitive firm produces a level of output that results in allocative efficiency.- False

4. In the long run each monopolistically competitive firm produces a level of output that results in productive efficiency- False

5.To maintain a competitive edge and earn economic profits, a monopolistically competitive firm has an incentive to improve its product. -True

6. Compared with purely competitive markets, under monoplistic competition consumers with a diversity of tastes can benefit from the opportunity to choose from a greater range of products and services. -True

7.In order to maximize its profits, each monopolistically competitive firm must determine the price of its product, how to differentiate its product, and how much it will spend on advertising.True

Explanation:

3 0
3 years ago
Firms face competing pressures in the marketplace-how to achieve lower costs through proven approaches to production, while look
nignag [31]

Answer:

a. leverage skills and products associated with a firm's core competencies from one country to another.

Explanation:

Company A can still meet the demands of the local markets and the competitive pressures it is facing by utilizing its core competences and deploring its products internationally.  A hybrid of localization and international strategies would be more appropriate.  This hybrid approach will enable the company "to realize the full benefits from economies of scale and learning effects, without losing on location economies," as desired in the case study.

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3 years ago
Belton electronics has a defined benefit pension plan for their 120 employees. they decided to amend the pension plan, resulting
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It must cover atleast 80% of the  employees
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3 years ago
In a sell or process further decision, which of the following costs is relevant?
Alona [7]

Answer: a. Only I

Explanation:

In a sell or process further decision, the only cost that is relevant is the variable production cost that is incurred after split-off.

It should be noted that a split-off is when the parent company of an organization uses specified terms to divests its business unit

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4 years ago
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