How do you know how much debt you can comfortably afford?
What will be an ideal response?
Answer: By applying the debt limit ratio you can see, from a lender's point of view, the limitation on consumer debt. It is calculated by dividing your monthly non-mortgage debt payments by your total monthly take-home pay. Ideally, it should be below 15% because you will still have some borrowing reserve for emergencies and the unexpected, and it will be easier to obtain additional borrowing. You should put a maximum of 20% on consumer debt. Once you pass this point, it will be difficult to borrow more, and your ability to meet your monthly financial obligations will be severely limited.
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"Let's see how we can all work together to accomplish our goals," is the statement that best corresponds to which path-goal theory?
What will be an ideal response?
Which of the following is NOT an advantage to online communications vehicles?
A) They are more immediate than earlier print vehicles. B) They are more likely to be listened to, read, and acted on than print vehicles. C) They diminish the voice of employees without computers D) They reach employees where they are.