Consider the Two Statements Below

question 47

Multiple Choice

Consider the two statements below.
I.Focus groups are appropriate whenever it is believed that interaction among
Respondents is necessary for obtaining depth of insights.
II.Focus groups are often a good substitute for more complex quantitative research.
Which,if any,of these statements is (are) true?

• A)I only
• B)II only
• C)Both I and II are true
• D)Neither I nor II are true

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Definitions:

Interest on Interest

Earnings from reinvesting the interest received from an investment, leading to exponential growth over time.

Annually

Concerning an event that takes place annually.

Simple Interest

Interest calculated only on the principal amount, or on that portion of the principal amount that remains unpaid, not including interest on interest.

Rate of Interest

The percentage of principal charged by the lender for the use of its money.