John's Application for a Job with the L

question 50

Multiple Choice

John's application for a job with the L.J.Company was rejected.John,however,would have been a successful employee if L.J.had hired him.John is an example of a

• A)false positive.
• B)true positive.
• C)false negative.
• D)true negative.

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Definitions:

Compounded Annually

Involves the calculation and addition of interest to the principal sum of a loan or deposit once every year.

Compounded Quarterly

A method where interest is added to the principal every three months which allows interest to be earned on the previously accumulated interest.

Scholarships

Financial support awarded to students based on academic or other achievements to help fund their education.

Trust Fund

A fund comprised of a variety of assets intended to provide benefits to an individual or organization, managed by a trustee.