Farmers Bank offers to lend you $50,000 at a nominal rate of 5.0%, simple interest, with interest paid quarterly. Merchants Bank offers to lend you the $50,000, but it will charge 6.8%, simple interest, with interest paid at the end of the year. What's the difference in the effective annual rates charged by the two banks?
A. 2.07%
B. 2.00%
C. 1.73%
D. 1.71%
E. 2.12%
Answer: D
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The difference between the price consumer's pay and the amount they would actually have been willing to pay to obtain the benefits is known as ____________
a. net value b. gross value c. consumer surplus d. moderate value e. consumer demand
Most companies rely on a dedicated team or individual to take care of their social media. Breaking apart this traditional way of working, Miles set out to create a platform to help businesses include their entire workforce in online campaigns. Working on the premise that anyone engaged with the business might have positive ideas about how to promote the company, the system enables management to set competitions and prizes to encourage everyone to suggest ideas for social media initiatives. As well as boosting employee motivation, Miles helps businesses to take full advantage of the __________ of their staff.
a. Originality b. Creativity c. Inventiveness d. Vision
Which of the following is true of services?
A. Jobs based on services have been declining in recent years. B. They include manufacturing high-quality goods. C. They focus on establishing short-term relationships. D. They include intangible products like medical care. E. Insurance and haircuts are examples of tangible products.
The crash cost per period is computed as: (crash cost - standard cost)/(standard time - crash time)
Indicate whether the statement is true or false