Instead of using a deed and a deed of trust to secure a loan to transfer property, a seller realizes he can use a land contract. This means that the land contract:
a. is identical to a mortgage
b. is another form of security
c. is the same as a trust deed
d. transfers title immediately to the buyer
Answer: b. is another form of security
Business
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Marginal analysis states that financial decisions should be made and actions should be taken only when ________
A) marginal revenue equals marginal cost B) benefits equal costs C) added benefits exceed added costs D) added benefits are greater than zero
Business
Which of the following best describes data?
A) information presented in a meaningful context B) processed information C) recorded facts or figures D) knowledge derived from facts or figures
Business