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In a 2007 Study by Researchers Simola, Taggar, and Smith

question 53

True/False

In a 2007 study by researchers Simola, Taggar, and Smith, more than 48.2 percent of Canadian HR practitioners reported using behaviour description interview questions.


Definitions:

Variable-Rate Loan

A loan whose interest rate changes over the life of the loan.

Fixed-Rate Loan

A loan whose interest rate remains constant.

Floor Planning

A type of business loan generally made for “big-ticket” items. The business holds the item in inventory and pays interest, but it is actually owned by the lender until the item is sold.

Unsecured Loan

A loan that doesn't require collateral and is based on the borrower's creditworthiness.

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