While the Interviewer Asked for Karen's Monthly Gross Salary,Karen Told

question 71

Multiple Choice

While the interviewer asked for Karen's monthly gross salary,Karen told him her monthly net salary.Which of the following is evident here?

• A)respondent distraction
• B)respondent guessing
• C)fatigue-related mistakes
• D)respondent misunderstanding
• E)nonresponse

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Definitions:

Compounded Semi-Annually

Describes the method of determining interest by applying it to both the original amount of money invested or loaned and any interest that has already been added to that amount, occurring two times annually.

Compounded Quarterly

Interest on an investment or loan is calculated four times a year, with each calculation including the interest from previous periods.

Equal Payments

Consistent payment amounts made regularly over a period, typical in loans and annuities.

Simple Interest

Interest calculated on the principal sum only, not compounding on earned interest, typically over a period of time.