When Determining Need for a Program, It Is Important for the Planner

question 22

Multiple Choice

When determining need for a program, it is important for the planner to have a strategy for measuring existing conditions against which of the following:

• A) need from five years ago.
• B) an expert opinion from research.
• C) a standard accepted by the community.
• D) a national organization that specializes in the type of program.

Understand the relationship between nominal and effective interest rates.

Calculate the time required for an investment to reach a specific value under compound interest.

Calculate the nominal rate of interest based on compounding periods.

Analyze and calculate the rate of return on different types of investment vehicles.

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Definitions:

Residential Hot Water Heater

A device used in homes to heat water for domestic purposes such as bathing and cooking.

Selling Price

The amount a product or service is sold for, which could include profit margins beyond the cost of goods.

Mountain Bikes

Bicycles designed specifically for off-road cycling, featuring durable frames, wide tires with deep tread for added stability and grip on uneven terrain.

Manufacturer's Markup Percent

The percentage added to the cost of goods by manufacturers to determine the selling price.