Which of the Following Is NOT Good Advice for Someone

question 179

Multiple Choice

Which of the following is NOT good advice for someone about to take a multiple-choice test?

• A) Anticipate the answer before looking at the options.
• B) Read all the options and eliminate those that are highly implausible.
• C) Be cautious of options that make broad, sweeping generalizations.
• D) Once you find your anticipated answer, don't waste time reading the other options.

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Definitions:

Installment Note

A debt instrument that requires a series of payments over time, often including both interest and principal.

Annual End-Of-Year

A term typically referring to financial transactions or reports that are calculated, summarized, or finalized at the end of the fiscal year.

Journal Entries

Records of financial transactions in the accounting system, detailing the accounts affected and whether they are debits or credits.

Effective Interest Method

A method of calculating the interest rate on a bond that factors in the actual amount paid over the life of the bond, including any fees or costs.