Canaroo Inc

question 17

Multiple Choice

Canaroo Inc.sold $800,000 of two-year bonds for $701,500 less commissions of $50,500.Interest is of 5.5% is payable annually.What is the effective rate of interest (round to 2 decimal places) ?

• A)5.50 %
• B)8.43%
• C)8.65%
• D)17.29%

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Definitions:

Self-managing Teams

Groups of employees who are provided with the autonomy to plan, execute, and control their own tasks and processes without direct supervision.

Organizational Productivity

A measure of how efficiently and effectively a company uses its resources to produce outputs.

Group Development

The process through which a group progresses over time, involving stages of forming, storming, norming, performing, and adjourning.

Cohesive

The quality of forming a united whole, often referring to the ability of a group or team to work well together towards common goals.