Narrative 11-2 Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest
hundredth of a percent) Refer to Narrative 11-2. Robert Doan invested $8,000 in a certificate of deposit for one year, at 8% interest compounded semiannually. What is the effective rate of interest?
8.16%
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Risk that can be eliminated by diversification is
A. idiosyncratic risk. B. market risk. C. default risk. D. interest-rate risk.
The first step in the collection of overdue accounts is ________
A) a letter B) contacting a collection agency C) legal actions D) a personal visit
Wilfred was driving too fast for the icy road conditions and hit Sally's car. Sally can sue Wilfred in criminal court
Indicate whether the statement is true or false
P&T Inc. ? P&T Inc. is an emerging company that wants to focus on personal selling, sales promotion, and public relations activities. P&T's management understands that personal selling is about the personal communication aimed at customers, but they feel that determining more specifics about the products they sell will allow them to better achieve their goal. Another important route they would like to take is to learn more about the various types of sales promotion. Finally, management would like to focus more on publicity-based PR. By concentrating on these areas, the company believes that it will be able to successfully create a promotional campaign. Refer to P&T Inc. If P&T management chose to return a portion of a product's purchase price as a sales promotion method, it would be
referred to as which of the following? A. Sample B. Rebate C. Premium D. Coupon E. Direct mail