When Looking at Improvements to Organisational Systems, It Is Important

question 6

Multiple Choice

When looking at improvements to organisational systems, it is important to:

• A) review all staff to ensure they are all still using the system
• B) ask: Does the current system work and who uses it?
• C) ask: what is the most efficient way to travel to and from work?
• D) review all policies and make sure there are many for staff to read

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Definitions:

Monthly Compounded

Refers to the process of adding interest to the principal sum of a loan or deposit, recalculated on a monthly basis. This is a repeat of Compounded Monthly with a new definition focusing on recalculating interest increase.

Compounded Monthly

Compounded monthly refers to the process where the interest earned on an investment is added to the principal sum each month, causing the principal amount to grow at an increasing rate.

Effective Rate

The actual interest rate an individual pays or earns on a loan or investment, taking into account the effects of compounding.

Compounded Semiannually

Refers to the process of calculating and adding interest to the principal balance of an investment or loan twice a year.