Which of the Following Would Not Be Helpful in Explaining

question 101

Multiple Choice

Which of the following would not be helpful in explaining why individuals accept the risks of business ownership?

• A)The potential for profit and wealth.
• B)The sense of self-satisfaction and independence.
• C)The challenge of taking calculated risks.
• D)The desire to work fewer hours.

Understand the basics of mortgages including principal, interest rate, amortization period, and payment frequency.

Calculate mortgage payments given different interest rates and amortization periods.

Calculate the effects of changing interest rates on renewal of mortgages.

Understand and calculate the impact of making additional payments or lump sum payments on the amortization period of a mortgage.