If an Individual Borrows $100 at an Annual Rate of Interest

question 139

Multiple Choice

If an individual borrows $100 at an annual rate of interest of 5 percent,how much interest will he have to pay at the end of 1 year?

• A) $5
• B) $10
• C) $20
• D) $50

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Definitions:

Attraction-Selection-Attrition Theory

A theory that suggests organizations develop unique cultures by attracting, selecting, and retaining individuals whose personalities fit well with the current organizational culture.

Organizational Culture

Is the set of shared attitudes, values, goals, and practices that characterizes an institution or organization.

Ethical Conduct

Adhering to a set of moral principles or values in decision-making and actions.

Adaptive Cultures

Organizational cultures that are flexible and able to adjust quickly to changes in the external environment, promoting innovation and learning.