Points Represent

question 72

Multiple Choice

Points represent:

• A)2% of the amount of the loan
• B)Monthly payments
• C)An additional cost of receiving the mortgage
• D)3% up-front payment
• E)None of these

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Definitions:

Franchisee

An individual or company that is granted the right by a franchisor to operate a business under the franchisor's trademark and business model.

License

A legal permission granted by an authority to conduct business, use intellectual property, or undertake certain activities.

Market

A venue or system where buyers and sellers interact to trade goods, services, or financial instruments.

Cost Driver

A factor that causes the cost of an activity or process to change, used in activity-based costing to allocate costs more accurately.