Which of the following is most likely to be categorized as an external failure cost?
A) the cost of testing a product before shipment
B) the cost of machinery maintenance to avoid breakdowns during production
C) the cost of lost future sales after a customer finds a defect in a product
D) the cost of inspection of materials to be used in production
C
Business
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If you purchase some living room furniture for $1,750 and the store finances the entire amount over 24 months at a monthly rate of 1.75%, what is your monthly payment?
A. $30.63 B. $103.54 C. $89.92 D. $74.25
Business
A "friendly foreclosure" enables a mortgagor to prevent the mortgagee from taking the property by statutory means. This can be accomplished by use of a(n)
A) deed in lieu of foreclosure. B) reconveyance deed. C) assumption. D) escrow deed.
Business