A Single-Payment Loan Is Advantageous to a Borrower Only If

question 73

Multiple Choice

A single-payment loan is advantageous to a borrower only if:

• A) the interest rate is more than that on an installment loan offered by commercial banks.
• B) funds are expected to be available in the future to repay the loan in a lump sum.
• C) the finance charges are calculated using the discount method.
• D) the finance charges are calculated using the simple interest method.
• E) it has a collateral note.

---

Definitions:

Performance Appraisals

The evaluation of an employee's job performance, typically conducted regularly to assess contributions and determine areas for improvement.

Morning Bias

The tendency for individuals to have improved cognitive functions and mood soon after waking up, affecting their decision-making and productivity.

Negative Stereotype

A harmful or unfavorable generalization about a group of people that lacks individual recognition and is often based on misconceptions.

Performance Appraisals

The formal evaluation process of an employee's job performance, usually involving feedback and discussions about achievements and areas for improvement.