A buyer is assuming a seller's loan. How would the loan balance appear on the closing statement?
A. Credit to the buyer, debit to the seller.
B. Credit to the seller, debit to the buyer.
C. Credit to the seller only.
D. Debit to the buyer only.
Answer: A. Credit to the buyer, debit to the seller.
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With respect to managers, poor interpersonal skills
a. have a neutral impact on performance. b. can lead to job failure. c. are not important because "Nice guys and gals finish last." d. only create problems at the first two levels of management.
A woodworker is concerned about the quality of the finished appearance of her work. In sampling units of a split-willow hand-woven basket, she has found the following number of finish defects in ten units sampled: 4, 0, 3, 1, 2, 0, 1, 2, 0, 2
a. Calculate the average number of defects per basket. b. If 3-sigma control limits are used, calculate the lower control limit and upper control limit.