"Subprime" Mortgage Refers To________

question 8

Multiple Choice

"Subprime" mortgage refers to________

• A) below what is considered optimal.
• B) loan denial because of poor credit history.
• C) income that is too low to qualify for loans.
• D) credit that is extended to people who would not ordinarily qualify for loans.

---

Definitions:

Equivalent Unit

A concept used in cost accounting to represent the portion of a product, in terms of material, labor, or overhead costs, completed within a given period, facilitating cost analysis.

Assembly Department

A division within a manufacturing facility where components are assembled into final products or where significant assembly activity takes place.

First-In, First-Out Method

An inventory valuation method where the goods first produced or acquired are sold or used before newer inventory.

Equivalent Units

A method used in process costing to convert partially completed goods into a comparable number of fully completed units.