91 which of the rofowing activities is a loan processor permitted to perform without requiring licensure as a mortgage loan originator under the Safe Act? A) Negotiating loan terms B) Taking loan applications C) Advising prospective borrowers about loan products D) Performing clerical or support duties under the supervision of a licensed entity

91 which of the rofowing activities is a loan processor permitted to perform without requiring licensure as a mortgage loan originator under the Safe Act? A) Negotiating loan terms B) Taking loan applications C) Advising prospective borrowers about loan products D) Performing clerical or support duties under the supervision of a licensed entity

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

Is it possible to be used partly for public purpose and partly private purpose without violating the limitation that a tax must be for public purpose?A. No, the purpose shall either be private or public. It cannot be bothB. Yes, The purpose is not important as long as the tax of the property can be accounted forC. No, the purpose to be accomplished by taxation need not be exclusively public. To benefit private individuals will be tantamount to deprivation of property of those who paid the tax without due processD. Yes, The purpose to be accomplished by taxation need not be exclusively public. Although private individuals are directly benefited such as the victims of flood victims, the tax will be valid provided such benefit is only incidental
1a. What are the general principles of consumer protection? 1b. Discuss the nature of and parties in a consumer protection suit. Who can bring a suit and why? 1c. Who is held accountable under the consumer protection laws?
112) What is a trademark? a) A recipe. b) A word, name, symbol, or device that is used in trade with goods to include the source of the goods and to distinguish from the goods of the others c) A firm of protection provided to the authors of original works of authorship d) Something that excludes others from importing the innovation into the United States
1. Under federal anti-trust law, it is illegal for a group of consumers to attempt to boycott a certain chain of retail stores. A. True B. False
TRUE OR FALSE. Write True if the statement is true. Otherwise, write false.1. Business advertisement is a valid offer.2. Deaf-mutes have no capacity to give consent.3. Fraud voids a contract.4. If B gives his consent due to A’s threat of exposing his marital affairs, there will be nocontract because consent is vitiated.5 Exaggerations in trade are not fraudulent
7 - Intellectual Property includes only intangible products of the human mind. TrueFalse
A CPA’s retention of client records as a means of enforcing payment of an overdueaudit fee is an action that is(1) not addressed by the AICPA Code of Professional Conduct.(2) acceptable if sanctioned by the state laws.(3) prohibited under the AICPA rules of conduct.(4) a violation of generally accepted auditing standards.
A Question of Ethics—Copyright Infringement.Custom Copies, Inc., prepares and sells coursepacks,which contain compilations of readings for collegecourses. A teacher selects the readings and delivers asyllabus to the copy shop, which obtains the materialsfrom a library, copies them, and binds the copies. Blackwell Publishing, Inc., which owns the copyright to some of the materials,filed a suit, alleging copyright infringement. Custom Copies fileda motion to dismiss for failure to state a claim. [ Blackwell Publishing, Inc. v. Custom Copies, Inc., 2006 WL 1529503(N.D.Fla. 2006)] (See Copyrights.)(a) Custom Copies argued, in part, that creating and sellingdid not “distribute” the coursepacks. Does a copy shopviolate copyright law if it only copies materials for coursepacks? Does the copying fall under the “fair use” exception? Should the court grant the defendant’s motion?Why or why not?(b) What is the potential impact of copying and selling a bookor journal without the permission of, and…
8. The custodian of health records refers to the individual within an organization who is responsible for the following action (s): a. Authorized to certify records b. Supervises inspection and copying of. Records c. Testifies to authenticity of records d. a and b e. a and c f . All of the above g. None of the above
t is the exploitation by the taxpayer of legally permissible alternative tax rates or methods ofassessing taxable property or income in order to avoid or reduce tax liability.a. Capitalization b. Shiftingc. Evasiond. Avoidance
The difference between fraud and errors is: a. the timing of the transaction b. the materiality of the value involved. c. intent of those involved. d. whether it affects owners’ equity or not.
Ridwaan, a seventeen year old trainee chef, found work at a restaurant. However the restaurant was a little farfrom where he lived. Public transport was available but Ridwaan found it inconvenient. Ridwaan saw apromotion on social media by Fantastic Cycles Pty Ltd with a great deal on e-bikes worth $5000. The businessallowed a payment plan to anyone who purchased an e- bike and had a secure job. Ridwaan decided hewanted a bike to ride to work. He went to Fantastic Cycles and picked out a great looking e-bike. Thesalesperson checked with Ridwaan's employer, Sunset Restaurants Ltd, who confirmed he worked there.Ridwaan entered into an agreement to purchase the bike paying by instalments and signed a written contract.Ridwaan took the bike home but a month later lost his job and told the business he did have to continue topay for the bike because he was under 18 years of age. However Fantastic Cycles disagree and now wish tosue Ridwaan to recover payments for the e-bike. A. Discuss whether…