How Do Part-Timers Compare to Full-Time Employees Cost-Wise

question 29

Multiple Choice

How do part-timers compare to full-time employees cost-wise?

• A) About equal
• B) Much less costly
• C) Much more costly
• D) One cannot compare because part-timers are contingent workers
• E) Slightly less costly

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Definitions:

Principal

The person (client) for whom a service is performed. Amount that is borrowed using credit.

Second Mortgage

A type of subordinate mortgage made while an original mortgage is still in effect, securing the collateral by the same property.

Amortized Loan

A loan with scheduled periodic payments that cover both interest and principal over a specific time period.

Monthly Mortgage Payment

The amount that is paid each month by a borrower to a lender for a home loan, which often includes principal, interest, taxes, and insurance.