Which of the Following Statements Is Correct

question 87

Multiple Choice

Which of the following statements is correct?

• A)For all positive values of r and n, FVIFr, n ≥ 1.0 and PVIFAr, n ≥ n.
• B)You may use the PVIF tables to find the present value of an uneven series of payments.However, the PVIFA tables can never be of use, even if some of the payments constitute an annuity (for example, $100 each year for Years 3, 4, and 5), because the entire series does not constitute an annuity.
• C)If a bank uses quarterly compounding for saving accounts, the simple rate will be greater than the effective annual rate.
• D)The present value of a future sum decreases as either the simple interest rate or the number of discount periods per year increases.
• E)All of the above statements are false.

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Definitions:

Nonmajority Unionism

A form of union representation in which a union does not represent a majority of the workers in a bargaining unit or workplace but still provides representation and advocacy for its members.

Fortress Unionism

A strategy employed by labor unions focusing on protecting the interests and benefits of their current members rather than expanding membership.

Alt-Labor

Non-traditional labor groups, including worker centers and advocacy organizations, that support workers' rights outside of formal union structures.

Nonunion Workers

Employees who are not members of a labor union and do not receive the benefits of collective bargaining agreements.