A mortgage which by its terms provides that it secures the amount of the initial loan together with any sums later loaned to the mortgagor by the mortgagee is known as:
A: An all-inclusive mortgage;
B: An open-ended mortgage;
C: A wraparound mortgage;
D: A blanket mortgage.
Answer: B: An open-ended mortgage;
Business
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Which of the following is an example of a trade sales promotion?
a. pull money and training b. point-of-purchase displays c. premiums and coupons d. business meetings and conventions
Business
Which of the following is not characteristic of mass marketing?
A) Product benefits do not typically include home delivery. B) Advertising is used to generate an immediate inquiry or purchase. C) Repetition of ads is the key to awareness and remembering. D) The customer perceives relatively little risk. E) Purchase action is deferred.
Business