Choose the One Alternative That Best Completes the Statement or Answers

question 348

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-If Emery has $1,100 to invest at 9% per year compounded monthly, how long will it be before he has $1,400? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)

• A) 0.036 yrs, 0.268 yrs
• B) 66.89 yrs, 2.902 yrs
• C) 2.69 yrs, 2.68 yrs
• D) 0.233 yrs, 0.223 yrs

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Definitions:

Assigned Tasks

Assigned tasks are specific duties or responsibilities allocated to individuals or teams as part of their job or project roles.

Delegation

The assignment of responsibility or authority from one person to another for specific tasks or activities.

Assignment of Responsibilities

The process of distributing tasks and duties among members of a group or an organization.

Mechanistic Organization

A structured and hierarchical organizational model emphasizing clear lines of authority, job specialization, and rigid adherence to procedures.