Which of the Following Specializes in Making Loans and Reselling

question 26

Multiple Choice

Which of the following specializes in making loans and reselling them?

• A) FNMA
• B) Mortgage brokers
• C) Mortgage bankers
• D) VA

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Definitions:

Budgeting

The process of creating a plan to spend your money, allocating financial resources for various purposes over a specified period.

Machine-hours

A measure of the operating time of machines or equipment, typically used as a basis for allocating manufacturing overhead in product costing.

Supplies Costs

Supplies costs are expenses related to the consumable items used in the operation of a business, not directly part of the finished product.

Spending Variance

involves the comparison of actual spending to what was budgeted, highlighting differences that management needs to address.