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You Are Writing a Recommendation Report on Which Vendor of Audiovisual

question 3

Multiple Choice

You are writing a recommendation report on which vendor of audiovisual services to hire for your company's annual conference. The three vendors you considered are Adams, MicMasters, and Zenith. You concluded that Zenith was by far the best option, followed by Adams and then MicMasters, both of which were barely satisfactory. However, you have just learned that the top two managers at Zenith, with whom you met, have left the company. The personal service provided by these managers was a big factor in your positive assessment of the company. What recommendation should you make now?

Definitions:

Compound Interest

This refers to the calculation of interest on the original amount of money deposited or borrowed as well as on the interest that has already accumulated over previous periods.

Zero-Coupon Bonds

Bonds that do not pay periodic interest payments and are sold at a significant discount from their face value, with the profit being the difference between the purchase price and the bond's face value at maturity.

Interest

The cost of borrowing money, expressed as a percentage, that the borrower pays to the lender for the use of the lender's money.

Interest Expense

The cost incurred by an entity for borrowed funds over a period.