All of the Following Are True Regarding a Cosigner on an Account

question 43

Multiple Choice

All of the following are true regarding a cosigner on an account, except

• A) the cosigner is responsible for any unpaid balance.
• B) the lender may not seize the assets of the cosigner.
• C) cosigning an account is a big liability and should be taken seriously.
• D) cosigning on a loan can restrict the amount that the cosigner is able to borrow.

Analyze the demographics and economics of health care spending.

Determine the appropriate health care facilities for various patient needs and conditions.

Explain the roles and responsibilities of federal and provincial governments in the Canadian health care system.

Understand the historical milestones and key figures in Canadian nursing.

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Definitions:

Variable Costs

Spendings that move in tandem with the level of output or number of sales.

Sales Dollars

The total revenue generated from the sale of goods or services before any expenses are deducted.

Break-Even Point

The production level or sales volume at which total revenues equal total expenses, resulting in no net loss or gain.

Contribution Margin

The difference between sales revenue and variable costs, which contributes towards covering fixed costs and earning profit.