The Difference Between a "Generic" and a "Contextual" Best Practice

question 29

Multiple Choice

The difference between a "generic" and a "contextual" best practice is?

• A)The concepts are identical in practice
• B)Generic best practices should work for any firm in the industry, while contextual practices work only when combined with the original player's other practices
• C)Generic best practices are rare, whereas contextual practices are beneficial only when combined with other practices
• D)None of the above

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Definitions:

Simple Interest

Interest calculated only on the principal amount, not on the interest accrued.

Invested

The maneuver of allocating finances with the aspiration of earning income or profit.

Term

The time period for which a loan or investment is made.

Rate of Interest

The rate at which interest is applied to a loan or credited to savings.