1)The closing is conducted by the seller’s agent. a. True
b. False
2) Select the list that has the steps of the closing process in the right order.
1. Do final walk-through Purchase homeowners insurance Sign closing documents. Apply for mortgage.
2. Apply for mortgage Do final walk-through Sign closing documents Purchase homeowners insurance.
3. Apply for mortgage Purchase homeowners insurance Do final walk-through Sign closing documents.
3) Select the best description of the mortgage note. 1.It commits you to paying your loan 2.It lists all costs associated with your loan4. Which one of these documents itemizes the closing costs and explains the terms of your loan?
a. Appraisal.
b. Closing disclosure.
c. Deed.
d. Affidavit.

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f