The type of mortgage where the lender pays the borrower based on the equity of the home is called:
a. Reverse annuity
b. Blanket mortgage
c. Package mortgage
d. Budget loan
Answer: a. Reverse annuity
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Which of the following is true of management in the nonmarket environment?
a) Obtaining information about the agenda of regulators and administrators can be crucial to developing a successful strategy. b) It requires a divided strategy with a strong market component to share opportunities and deal with risks. c) Obtaining access to government officeholders in emerging markets is less important because government is not bound by due process requirements. d) The weaker the rent chain in an emerging markets country; the more effective a nonmarket strategy is likely to be.
A letter rejecting a job applicant should
A) avoid explaining why he or she was not selected. B) point out the applicant's shortcomings. C) be as personal as possible. D) be as long as possible. E) offer advise on how to improve their interview skills.