Nina wants to borrow money from Tina, but Tina refuses to lend the money unless another person promises to pay the money in case Nina cannot clear the debt. James agrees to pay the debt if Nina does not. James is the ________ in this transaction

As a selection device, the interview is most valid in predicting which of the following positions?

A) senior management B) middle management C) lower management D) complex nonmanagerial

Interest charged on amortized loans:

a. is normally paid in advance as evidenced at closing b. is adversely affected by the supply of loan funds c. declines in ratio directly proportionate to the declining loan balance d. may be augmented by mortgage discount points to increase the mortgagee's yield