A student who has skipped many classes and not studied the course material was surprised to learn there was a test when he showed-up for class. The student's mental uncertainty about whether or not he will pass the test is called

A) objective risk.
B) objective probability.
C) subjective probability.
D) subjective risk.

Answer: D

Business

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A broker can be charged with violating the Sherman antitrust act if he/she says to a seller:

a. we never discount the commission b. we cant possibly charge less than the rate established through the multiple listing service c. the commission is fully negotiable between the broker and the seller d. our company usually charges 6% for this type of listing

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Which of the following is a characteristic of an amortized or level payment mortgage?

A. The early payment are mostly interest B. The early payments are mostly principal C. Each monthly payment increases and the balance decreases D. With each monthly payment, the interest increases and the balance decreases.

Business