If Your Instructor Hands Out an Outline of the Lecture

question 30

Multiple Choice

If your instructor hands out an outline of the lecture at the beginning of class, you should

• A) use it to guide your note taking.
• B) disregard it and focus on taking notes your own way.
• C) verify that it follows the same order of information as the textbook chapter.
• D) use it in place of your own notes.

Recognize strategies for personal investment in a home, including sweat equity and improvements for resale.

Comprehend the process and importance of pre-qualification for mortgages.

Understand the factors influencing housing choices, including lifestyle, market rates, and the impact of improvements.

Understand the factors influencing mortgage rates and their calculation.

---

Definitions:

Excessive Profits

Earnings that significantly exceed the norm for a industry or market, often viewed critically in terms of business ethics or competition fairness.

Equivalent Risk

A concept in finance and investments referring to two or more investment options that have the same level of risk.

Hypercompetition

A condition in the market characterized by rapid and intense competitive moves, where advantages are quickly eroded.

Intermittent Profits

Earnings that are not consistent or regular, often fluctuating due to various external or internal factors.