Minimum Standards, Little Direction, and Trust Are All Characteristics of __________

question 1

Multiple Choice

Minimum standards, little direction, and trust are all characteristics of __________ control.

• A) feedforward
• B) bureaucratic
• C) concurrent
• D) decentralized
• E) centralized

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Definitions:

Car Loan

A financial agreement in which a lender provides funds to a borrower for the purpose of purchasing a vehicle, to be repaid with interest over a set period.

FICO Score

A score that summarizes the probability that a debtor will pay a debt and is a reliable way that creditors judge credit worthiness.

Interest

A fee paid on borrowed assets, usually calculated as a percentage of the principal.

Federal Direct Unsubsidized Loan

A federal student loan where the borrower is responsible for paying all the interest, regardless of the loan's status.