An Asset-Backed Security Backed by Home Mortgages Is A

question 23

Multiple Choice

An asset-backed security backed by home mortgages is a:

• A)mortgage-backed security.
• B)primary home-backed security.
• C)bond-backed security.
• D)real estate-backed security.

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Definitions:

Standard Costing Systems

A cost accounting method that compares actual costs to standard costs to help managers control business costs.

Variances

Differences between planned or expected financial outcomes and the actual results observed.

Performance Reports

Documented assessments that provide information on the performance of activities, processes, or strategies against planned objectives.

Sales Price Variance

The difference between the actual sales revenue received from a product and the expected revenue, based on the planned selling price and actual quantity sold.