To Practice Public Relations as a Professional, ___________

question 43

Multiple Choice

To practice public relations as a professional, ___________.

• A) You need a PR license
• B) You do not need a PR license
• C) You may need a PR license depending on which state in which you work
• D) You may need a PR license depending on what aspect of public relations you practice

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Definitions:

Contract Rate

This refers to the interest rate stated in a contract that determines the amount of interest owed on a loan or financial agreement.

Stated Rate

The interest rate expressed in the terms of a loan or investment agreement, not necessarily reflecting the actual yield.

Effective Rate

The effective rate is the actual interest rate on a loan or financial product, taking into account the compounding of interest, as opposed to the nominal rate.

Debenture Bond

A debenture bond is a type of unsecured loan that is backed only by the general creditworthiness and reputation of the issuer, not by any collateral.