When Foreclosure Is Likely,lenders Want to

question 70

Multiple Choice

When foreclosure is likely,lenders want to

• A)get the owner out of the home so they can sell it and make a profit.
• B)work with the owner to negotiate payments.
• C)sell the home regardless of what the owner thinks.
• D)None of the choices are correct.

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Definitions:

Combined Margin

A metric that combines multiple types of profit margins (such as gross, operating, or net margin) to assess overall performance.

Contribution Margin Ratio

The percentage of sales revenue remaining after variable costs are deducted, indicating how much contributes to fixed costs and profit.

Fixed Expenses

Costs that do not change with the level of production or sales over a certain period, such as rent, salaries, and insurance.

Sales

The total amount received from selling goods or services over a given period.