Calculating Fees on a Loan Commitment You Have Approached Your

question 73

Multiple Choice

Calculating Fees on a Loan Commitment You have approached your local bank for a start-up loan commitment for $1,000,000 needed to open an auto repair store.You have requested that the term of the loan be one year.Your bank has offered you the following terms: size of loan commitment = $1,000,000,term = one year,up-front fee = 20 basis points,back-end fee = 50 basis points.If you take down 90 percent of the total loan commitment,calculate the total fees you have paid on this loan commitment.

• A)$2,000
• B)$2,500
• C)$5,000
• D)$6,500

Recognize the strategic role of recruiting in creating a buffer between planning and selection, and the impact of publicity and employer branding on attracting talent.

Identify internal and external sources of recruitment and their implications on hiring practices and organizational culture.

Know the methods and benefits of internal recruitment, including job postings and promote-from-within policies.

Understand employment-at-will and its legal and practical implications on the employer-employee relationship.

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Definitions:

Personality Trait

Enduring characteristics that describe an individual's behavior.

Emotional Maturity

The ability to understand, manage, and appropriately respond to one's own emotions and the emotions of others.

Self-confidence

The belief in one's abilities, qualities, and judgment.

CEO Skills

The unique set of competencies, including strategic thinking, decision-making, and leadership abilities, that a Chief Executive Officer needs to successfully lead an organization.