Perry Has Recently Expanded His Business and Hired Two Employees

question 88

Multiple Choice

Perry has recently expanded his business and hired two employees. As a result of this expansion, he is sansidering carefully how to establish policies and procedures for creating workbooks. Perry also decides that he should approve ____ of any proposed worksheet.

• A) the font and font size
• B) a chart
• C) a sketch
• D) the title and subtitle text

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Definitions:

Compounded Semi-annually

An interest calculation method where interest is added to the principal sum of a deposit or loan twice a year, leading to compound interest.

Effective Rate

The effective rate, also known as the annual equivalent rate, is the interest rate on an investment or loan that accounts for the effects of compounding over a given period.

APR

Annual Percentage Rate, which is the interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan, credit card, etc.

Rate Of Return

The appreciation or depreciation of an investment over a set period, quantified as a percentage of the investment's starting value.