What Are Some Ethical Concerns Regarding Timekeeping and Billing

question 131

Essay

What are some ethical concerns regarding timekeeping and billing?

---

Definitions:

Compounded Quarterly

involves calculating and adding interest to the principal four times a year.

Compounded Semiannually

Interest calculation method where the interest is added to the principal sum every six months, thereby earning interest on interest.

Promissory Note

A financial instrument in which one party (the maker) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand.

Missing Interest Rate

The not specified or unidentified rate of interest in a financial context.