The owner of five parcels of land desires to obtain a loan and use all five parcels as security for the note. The mortgage he will be required to execute will be a:

a. purchase money mortgage
b. amortized mortgage
c. blanket mortgage
d. package mortgage

Ans: c. blanket mortgage

Business

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In the article, New Business Opportunities: Changing Consumer Markets (Allard), which of the following presents viable growth opportunities for businesses?

a. The high level of education of Asian Americans b. The rising purchasing power of Black Americans c. The increasing numbers of Hispanics d. All of the above

Business

For which of the following products or services is the seller most likely to use life-cycle value pricing?

A) lottery tickets B) a hotel reservation C) shampoo D) a meal at a restaurant E) a car

Business