Which of the following BEST describes payments on a term loan (straight loan)?
A. Amortized
B. Adjustable.
C. Interest only.
D. Interest and principal.
Answer: C. Interest only.
Business
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Which of the following was perhaps the greatest defect of state corporate governance laws?
A. Inability to control costs in emerging markets. B. Inability to provide access to low-cost funding sources. C. Inability to regulate litigation pertaining to fiduciary responsibilities. D. Inability to prevent fraud and manipulation in national capital markets.
Business
The ________ marketing sales system works by recruiting independent businesspeople who act as distributors
A) catalog B) multilevel C) direct-response D) corporate E) direct
Business