Expectations About What a Consumer Really Wants to Happen During

question 82

Multiple Choice

Expectations about what a consumer really wants to happen during an experience under perfect conditions are called _____.

• A) ideal expectations
• B) equitable expectations
• C) realistic expectations
• D) confirmed expectations
• E) desired expectations

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Definitions:

Conventional Mortgage

A mortgage that involves no government backing by either insurance or guarantee.

Mortgagor

The party who borrows money and gives a mortgage to the lender or mortgagee as security for the loan.

Collateral

The property that is subject to a security interest.

Assumes Debt

When an individual or entity takes on the legal obligation to pay back a debt originally owed by another party.