On adjustable rate loans, the Annual Percentage Rate quoted at the start of the loan
A) takes into account the initial contract rate on the loan, but not future contract rates.
B) takes into account the initial contract rate, and the highest possible contract rate given the terms of the loan.
C) takes into account the average expected contract rate over the duration of the loan.
D) is not published because future contract rates can not be known with certainty.
Answer: A) takes into account the initial contract rate on the loan, but not future contract rates.
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The guideline to observe nonverbal communication in clusters refers to which of the following?
A) Determine meaning based on the ?rst nonverbal cue you see. B) Pay attention to voice, eye contact, and facial expression. C) Read one nonverbal message at a time. D) None of the above applies.
Determine the average time that a snowplow is out of service
A crew of mechanics at the Department of Transportation garage make minor repairs to snowplows during the winter. The snowplows break down at an average rate of 4 vehicles per day and breakdowns are distributed according to the Poisson distribution. The mechanic can service an average of 7 vehicles per day with a repair time distribution that approximates a negative exponential distribution. Assume an 8 hour day. A) .33 hours B) 20 minutes C) 2.64 hours D) .19 days