Automated Underwriting Means

question 9

Multiple Choice

Automated underwriting means

• A) used only by Internet operators
• B) analysis of loan application by computer software programs that allow loan approval if justified
• C) analysis of loan application by elimination of all human input
• D) transmission of loan info via a computer

---

Definitions:

Spending Variance

The difference between the actual amount of money spent and the budgeted amount for various categories.

Press Runs

The total number of units produced in one setup or operation of a press machine.

Wages And Salaries

Compensation paid to employees for their labor, including hourly payments (wages) and fixed annual or monthly payments (salaries).

Spending Variance

The difference between the actual amount of money spent and the budgeted or expected amount, indicating over- or under-spending.