Which of the following bank accounts has the highest effective annual return?
A. An account that pays 8% nominal interest with monthly compounding.
B. An account that pays 8% nominal interest with annual compounding.
C. An account that pays 7% nominal interest with daily (365-day) compounding.
D. An account that pays 7% nominal interest with monthly compounding.
E. An account that pays 8% nominal interest with daily (365-day) compounding.
Answer: E
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Answer the following statements true (T) or false (F)
1. When performance exceeds the standards set in the control systems, managers should take no action. 2. The three levels of control are strategic, tactical, and operational. 3. Strategic control is monitoring performance to ensure that day-to-day goals are being met and taking corrective action when needed. 4. Tactical control is monitoring performance to ensure that divisional or departmental plans are being implemented and taking corrective action as needed.
According to the economic model of corporate social responsibility (CSR), ________ is a direct measure of how well a business firm is meeting society's expectations.
Fill in the blank(s) with the appropriate word(s).
____ sentences contain at least two independent clauses and one dependent clause
A) Simple B) Compound C) Complex D) Compound-complex
In most states, children under the age of 18 cannot make valid wills
Indicate whether the statement is true or false