Which One of the Following Statements Is NOT True About

question 45

Multiple Choice

Which one of the following statements is NOT true about amortisation?

• A) Amortisation refers to the way the borrowed amount (principal) is paid down over the life of the loan.
• B) With an amortised loan, each loan payment contains some payment of principal and an interest payment.
• C) With an amortised loan, a smaller proportion of each month's payment goes toward interest in the early periods.
• D) A loan amortisation schedule is just a table that shows the loan balance at the beginning and end of each period, the payment made during that period, and how much of that payment represents interest and how much represents repayment of principal.

Understand how attitudes are formed and their components (cognitive, behavioral, emotional).

Examine the role of cultural differences in attributions, attitudes, and biases.

Differentiate between internal (personal) and external (situational) attributions and their application to self and others.

Understand the concepts of blaming the victim and diffusion of responsibility.

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