A Department of Veterans Affairs mortgage is

a. Insured
b. Guaranteed
c. Conventional
d. Prepaid

Answer: b. Guaranteed

Business

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One way to reduce the risks associated with a global supply chain that operates on just-in-time principles is to:

A. depend on one supplier for an important input. B. outsource the production of inputs only to advanced countries. C. hold an excess buffer stock of inventory. D. source inputs from several suppliers located in different countries. E. avoid using electronic data interchange.

Business

Which of the following best describes an express warranty?

A) Any promise, oral or written, obligating the seller to repair or replace goods for a specified period of time B) Any statement or other representation made with respect to goods C) A written provision obligating the seller to repair or replace goods for a specified period of time D) Any guarantee that the goods will pass without objection in the trade

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