Choose the One Most Appropriate Answer for Each

question 44

Multiple Choice

Choose the one most appropriate answer for each.
-an agreement that is considered to be a mortgage in its intent even though it may not follow the usual mortgage wording

• A)acceleration clause
• B)alienation clause
• C)assumption
• D)chattel mortgage
• E)deed of trust
• F)defeasance clause
• G)deficiency judgment
• H)equitable mortgage
• I)equity of redemption
• J)first mortgage
• K)foreclosure
• L)junior mortgage
• M)mortgage
• N)mortgagor
• O)partial release
• P)power of sale
• Q)promissory note
• R)public auction
• S)subject to
• T)subordination

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Definitions:

Ratio

A mathematical expression that represents the quantitative relationship between two numbers, showing how many times one value contains or is contained by the other.

Output

The total amount of goods or services produced by a firm, industry, or economy in a given period.

Average Fixed Costs

The fixed costs of production divided by the quantity of output produced, decreasing as production increases.

Annual Fixed Cost

The total of all business expenses that remain constant regardless of any change in production levels or sales volume over a year.