Your bank account pays an 8% nominal rate of interest. The interest is compounded quarterly. Which of the following statements is CORRECT?
A. The periodic rate of interest is 8% and the effective rate of interest is also 8%.
B. The periodic rate of interest is 2% and the effective rate of interest is 4%.
C. The periodic rate of interest is 8% and the effective rate of interest is greater than 8%.
D. The periodic rate of interest is 4% and the effective rate of interest is less than 8%.
E. The periodic rate of interest is 2% and the effective rate of interest is greater than 8%.
Answer: E
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Which of the following is true regarding the use of a candidate's public network site?
A) Public network sites that are set to "private" cannot be accessed by an employer. B) Public network sites can only be accessed by an employer with the candidate's permission. C) Public network sites are often searched for background information on a candidate, even without the candidate's permission. D) Public network sites should be shut down before beginning the interview process. E) Public network sites should only be used for networking purposes.
Which of the following would constitute legal insanity?
A) weakness of intellect B) emotional problems C) slight delusions D) mental retardation
Depreciation requires only two estimates—useful life and salvage value—both of which are specified by GAAP depending on the asset type.
Depreciation requires only two estimates—useful life and salvage value—both of which are specified by GAAP depending on the asset type.
True or False
Which of the following forms of organization is a compromise between starting one's own business as an entrepreneur and working for someone else as an employee?
A. limited liability company B. sole proprietorship C. close corporation D. franchise