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A disadvantage of a matrix organizational structure is that members of a project team in a matrix organization structure have a dual reporting relationship, which can cause anxiety and conflict over work priorities.
Compounded Monthly
Describes interest on an investment or loan that is calculated and added to the principal balance monthly, allowing for the interest to earn interest.
Guaranteed Investment Certificate
A secure investment that guarantees to return the principal amount along with a fixed rate of interest at the end of the investment term.
Interest
The cost of borrowing money, calculated as a percentage of the total amount borrowed.
Compounded Annually
Refers to the process of earning interest on both the initial principal and the accumulated interest from previous periods on a deposit or loan.
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