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A nightclub has several types of employees,each with a specialized task.Bartenders make drinks,bouncers check identification,bussers clear away used glasses,and so on.A shift supervisor is in charge,and a manager is in charge of the shift supervisor.At work the employees check the bulletin board,where their boss posts memos explaining changes in the rules.The bouncers are the most popular employees,because they usually let their friends in for free,even if their friends don't have ID.In many ways,the club is a bureaucracy,but there is at least one significant element of bureaucratic organization missing.What is it?
Inflation Rate
The velocity at which there is a general increase in the cost of goods and services, thereby reducing the effective purchasing capability.
Compound Interest CSB
The calculation of interest on a Canada Savings Bond (CSB) where interest earned also earns interest over time.
Redemption Value
The value at which a bond or other debt instrument can be redeemed before its maturity by the issuer.
Compound-Interest GIC
A Guaranteed Investment Certificate (GIC) where interest is compounded periodically and added to the principal balance, leading to interest earnings on interest.
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