At what point muscle under automatically cancel private mortgage insurance on a loan?
A. When the loans balance is 78% of the homes original value
B. When the loans balance is 78% of the homes current appraised value
C. When the loans balance is 80% of the homes original value
D. When the loans balance is 80% of the homes current appraised value
Answer: A. When the loans balance is 78% of the homes original value
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The psychological bias known as illusion of control refers to
A. a decision bias influenced by the way in which a problem or decision alternative is phrased or presented. B. a belief that one can influence events even when one has no influence over what will happen. C. a bias weighting short-term costs and benefits more heavily than longer-term costs and benefits. D. a condition that occurs when a decision-making group loses sight of its original goal and a new, less important goal emerges. E. a phenomenon that occurs in decision making when group members avoid disagreement as they strive for consensus.
Departmental budgeting means that research budgets are determined by _____.
A. allocating the same amount to research that competing firms allocate B. the contributions of various departments to fund department-specific projects C. evaluating projects on a case-by-case basis D. taking a fixed percentage of some criterion E. allocating whatever is left after covering other required expenditures