Which of the Following Statement Is Correct

question 19

Multiple Choice

Which of the following statement is correct?

• A)Some administrators believe group work is a cost-saving measure and time-saving,because it reduces the number of individual sessions.
• B)Often group work requires increased costs compared to individual work.
• C)Group work is most effective when it is the personal project of a concerned leader.
• D)a and b

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Definitions:

Compensating Balance

A minimum account balance that a borrower must maintain in a bank as a condition for obtaining a loan, often used to offset a portion of the bank's lending costs.

Interest Rate

The percentage of an amount of money charged by a lender to a borrower for the use of assets.

Effective Interest Rate

A measure of the real cost of borrowing that takes into account the effect of compounding interest in addition to the nominal rate.

Compensating Balance

Compensating Balance is a minimum bank account balance that a borrower must maintain as part of a loan agreement, often used by banks as a requirement for extending a loan.