PMI is the acronym for Private Mortgage Insurance often used by borrowers whose LTV (loan-to-value) ratio is less than 20 percent. Lenders must cease charging PMI when the LTV reaches

Starr is an agent of a disclosed principal, Maple. On May 1, Starr entered into an agreement with King Corp. on behalf of Maple that exceeded Starr's authority as Maple's agent. On May 5, King learned of Starr's lack of authority and immediately notified Maple and Starr that it was withdrawing from the May 1 agreement. On May 7, Maple ratified the May 1 agreement in its entirety. If King refuses to honor the agreement and Maple brings an action for breach of contract, Maple will

A. Prevail. The agreement of May 1 was ratified in its entirety. B. Prevail. Maple's capacity as a principal was known to Starr. C. Lose. The May 1 agreement is void due to Starr's lack of authority. D. Lose. King notified Starr and Maple of its withdrawal prior to Maple's ratification.

The five product levels constitute a ________. At each level more customer value is added

A) product line B) business model C) customer value-hierarchy D) value grid E) demand chain