A "standby loan" refers to:
a. a small construction loan
b. the origination charge due a lender for making a construction loan
c. the fee a mortgage loan broker collects for guaranteeing a loan for a borrower
d. an agreement by a lender to provide a loan upon demand by the borrower
Answer: d. an agreement by a lender to provide a loan upon demand by the borrower
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High-performance organizations do not need selection methods that identify more than technical skills.
a. true b. false
Those who favor localized marketing see national advertising as wasteful because it ________
A) gets too up close and personal with consumers B) drives up manufacturing and marketing costs by reducing economies of scale C) magnifies logistical problems D) fails to address local needs E) sends conflicting marketing messages