Discount points could best be described as:
a. money charged to originate the loan
b. an additional security deposit given to the bank to secure the loan
c. a reward the bank gives for referring a new borrower
d. a way to raise the effective yield of the loan
Answer: d. a way to raise the effective yield of the loan
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From a provider's perspective, which of the following third-party payment methods has utilization risk?
a. Charge based b. Capitation c. Per diem d. Diagnosis (DRG) based e. Cost based
Marvin's job involves selling used trucks. To boost his job satisfaction, Marvin's boss authorizes him to tell the dealer when a truck needs a paint job in order to sell. Which task characteristic has been added to Marvin's job?
a. feedback from the job b. decision-making authority c. work methods autonomy d. task significance