A Point Is a One-Time Charge Equal to ________ of the Principal

question 16

Multiple Choice

A point is a one-time charge equal to ________ of the principal amount borrowed.

• A)one-tenth
• B)three percent
• C)one percent
• D)ten percent

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Definitions:

Planning Process

A systematic series of actions directed toward the formulation and achievement of goals or objectives within an organization.

Time Management

The process of organizing and planning how to divide one's time between specific activities to maximize effectiveness and productivity.

Calendar-Bound

Activities or tasks that are strictly scheduled or have to be performed at specific times according to a calendar.

Planning

The process of defining goals, establishing strategies to achieve those goals, and developing plans to integrate and coordinate activities.