Choose the One Most Appropriate Answer for Each

question 4

Multiple Choice

Choose the one most appropriate answer for each.
-a mortgage loan on which the rate of interest can rise and fall with changes in prevailing interest rates

• A)adjustment period
• B)adjustable rate mortgage (ARM)
• C)blanket mortgage
• D)blended-rate loan
• E)buy-down mortgage
• F)carryback financing
• G)contract for deed
• H)equity mortgage
• I)equity sharing
• J)graduated payment mortgage
• K)interest rate cap
• L)negative amortization
• M)option
• N)overencumbered property
• O)package mortgage
• P)payment cap
• Q)reverse mortgage
• R)sale and leaseback
• S)subordination
• T)wraparound mortgage

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Definitions:

Bureaucracy

An ideal form of organizations, the characteristics of which were defined by the German sociologist Max Weber.

Product Development

The complete process of bringing a new product or service to the market, from concept generation to commercialization.

Final Implementation

The last phase in a project or plan where strategies or designs are put into operation or practice.

Output Goals

Output goals are the goals that define the type of business an organization is in.