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When Trying to Gauge a Nation's Competitiveness a Manager May

question 42

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When trying to gauge a nation's competitiveness a manager may want to consult one of two primary world competitiveness rankings,the World Competitiveness Yearbook published by IMD and The Global Competitiveness Report prepared by the World Economic Forum.


Definitions:

Compounded Semi-Annually

Interest calculation method where interest is added to the principal balance of an investment or loan twice a year, leading to interest on interest.

Amortized

The process of gradually paying off a debt over a period of time through regular payments.

Mortgage Loan

A loan secured by real property through the use of a mortgage note.

Loan Up-To-Date

A loan status indicating that all payments are current and no installment is overdue.

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