Why Can't a Binary Search Be Used on the List

question 39

Multiple Choice

Why can't a binary search be used on the list as it appears in the accompanying figure?

• A) Because the list is too big
• B) Because the list is not sorted
• C) Because it is a list of integers
• D) A binary search can be used on the list

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Definitions:

Implicit Rate

The interest rate inherently included in the lease payments, reflecting the lessor's cost of financing.

Incremental Borrowing Rate

The interest rate a company would have to pay if it borrows funds, used as a benchmark in lease accounting to determine the present value of lease payments.

Net Income

The total earnings or profit of a company after all expenses and taxes have been deducted from revenue.

GAAP

Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting used in any given jurisdiction, primarily in the United States.