Use This Resource Load Chart to Determine Which Activity Is

question 48

Multiple Choice

Use this resource load chart to determine which activity is the longest in duration.

• A)Activity A
• B)Activity B
• C)Activity C
• D)Activity D

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Definitions:

360-Day Year

A method used in accounting and finance that assumes a year has 360 days to simplify interest calculations.

Ordinary Simple Interest Rate

The standard interest rate applied to a loan or investment, calculated on the principal amount without compounding over a specific period.

360-Day Year

A financial calculation assumption where the year is considered to have 360 days for simplifying interest calculations.

Exact Simple Interest

Interest calculated precisely on the principal amount over a specific period, normally based on a 365-day year.