Unit 4 Review

Unit 4 Review

9th - 12th Grade

39 Qs

quiz-placeholder

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Unit 4 Review

Unit 4 Review

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

Joseph Montague

Used 5+ times

FREE Resource

39 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

reasons consumers decide what products and services to purchase based on feelings, beliefs, and attitudes.
Rational buying motives
Patronage Buying Motive
Emotional buying motives
Homeowners Insurance

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Provides payment to cover liability losses as well as damage and loss of the home structure and its contents
Earthquake Insurance
Homeowners Insurance
Private Mortgage Insurance
Credit-life Insurance

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A policy insuring the owner or mortgagee against loss by reason of defects in the title to a parcel of real estate
Earthquake Insurance
Title Insurance
Private Mortgage Insurance
Homeowners Insurance

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

a specific type of loan that is used to buy real estate
Mortgage
Title
Annuity
Private Mortgage Insurance

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A mortgage loan on approved property made to a qualified veteran by an authorized lender and guaranteed by the Department of Veterans Affairs in order to limit the lender's possible loss.
FHA loan
AIDA model
Conventional loan
VA loan

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The process of a title company substituting themselves in place of the grantor is called ....
subrogation
title replacement
conveyance
grantor guarantee

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A lender's or buyer's title insurance policy.....
insures that the property is not in a flood zone
insures that the loan will be repaid
insures that the property has no objectionable encumbrances
insures that the property has met zoning requirements

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