Using Only the GDS Criteria, Which One of the Following

question 19

Multiple Choice

Using only the GDS criteria, which one of the following statements is true?

• A) Joe gets the loan but not Bill.
• B) Bill gets the loan but not Joe.
• C) Both get the loan.
• D) Neither gets the loan. Joe: GDS = ((2100 x 12) + 3000)/100,000 = 28.20%; Bill: GDS = ((1000 x 12) + 1400)/45,000 = 29.78%; both are under the max of 30%

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Definitions:

Self-assessment

The process of evaluating one's own abilities, performance, and qualities.

Time Management Strategies

Techniques and methods used for planning and exercising conscious control of time spent on specific activities, especially to increase effectiveness, efficiency, or productivity.

Procrastination

The action of delaying or postponing tasks or decisions, often leading to stress, anxiety, and reduced productivity.

Time Management

The process of planning and controlling how much time to spend on specific activities.