Examlex

Solved

Frank Singh Is Employed as a Part-Time Instructor at a College

question 27

Multiple Choice

Frank Singh is employed as a part-time instructor at a college. He is very anti-union. There is a union for college instructors. On receiving his first pay cheque, Frank is outraged to learn that union dues have been deducted: he did not join the union. The college is subject to the Rand formula. Which of the following is TRUE?


Definitions:

December

The twelfth and final month of the year in the Gregorian calendar.

Interest

A charge for borrowed money, generally a percentage of the borrowed amount.

Months

Units of time, each roughly corresponding to one cycle of the moon’s phases, used in planning and scheduling.

Accrued Interest

Interest that has accumulated over time but has not yet been paid.

Related Questions