Greentree Financing Ltd

question 23

Multiple Choice

Greentree Financing Ltd. enters into an agreement to lend $20,000 to Mark for the purchase of a boat. On the loan application Mark provided the following information: address, telephone, social insurance number, employer, annual earnings and banking information. Mark agreed to the collection of the information for the purpose of assessing his suitability for the loan. What steps must Greentree take to protect Mark's information?

• A) Greentree must designate an individual accountable for compliance with the Act.
• B) Greentree must make information about its policies and practices regarding personal information available to Mark.
• C) Mark may have access to his information, upon request.
• D) Greentree must have appropriate safeguards to protect the information.
• E) All of the steps are required.

Apply the concept of the central selling point in persuasive messages.

Comprehend the structure and strategy behind claim and adjustment messages.

Be aware of strategies to prompt immediate action in sales messages.

Understand how sensory elements like scent, lighting, and color can influence consumer perceptions and behaviors.

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Definitions:

Gains from Trade

The benefits obtained by countries from engaging in international trade, often resulting from specializing in the production of goods for which they have a comparative advantage.

Equilibrium

The point at which the quantity of a good or service demanded equals the quantity supplied, determining the market price.

Total Surplus

In a market, the complete societal benefits are represented by the combined value of consumer and producer surplus.

Demand

The desire for a particular good or service, backed by the ability and willingness to pay for it.