Every Time a Netflix Customer Rents a Movie,Netflix Asks the Customer

question 40

Multiple Choice

Every time a Netflix customer rents a movie,Netflix asks the customer to evaluate the movie on a scale of 1 to 5.A 5 means that the customer thoroughly enjoyed the movie while a 1 means that the customer hated the movie.Netflix is using a(n) _____ question to learn customer preferences.

• A) administrative
• B) checklist
• C) ranking
• D) rating
• E) semantic differential

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Definitions:

Prepaid Interest

Interest starts accruing (building) at the beginning of each month and continues throughout the month; prepaid interest at the closing is the amount of mortgage interest due to cover the time from the closing date to when the first mortgage payment is due.

Down Payment

The upfront money applied to a purchase that is made using a loan (credit).

Mortgage

A loan specifically used to purchase real estate, where the property itself serves as collateral until the loan is repaid.

Closing Costs

Costs that are paid at closing that include origination fees, attorney fees, points, prepaid interest, transfer tax, and title insurance.