Changes in Computing Power, Computer Features, and Communication Technology Have

question 125

True/False

Changes in computing power, computer features, and communication technology have few effects on organizations and management now and into the future.

Analyze the financial implications of various interest rates and investment periods on savings and loan scenarios.

Understand and classify accounts as assets, liabilities, or owner's equity.

Calculate missing amounts in the accounting equation.

Identify and explain the significance of common business and accounting abbreviations.

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Definitions:

Premium Payment

The amount paid for an insurance policy, either regularly or as a lump sum.

Flood Insurance

A specific insurance coverage against property loss from flooding, typically required for buildings in designated flood-prone zones.

Pooling Of Risk

The practice of spreading financial risks among a large number of participants, thereby minimizing the overall impact to any single participant.

Diversification

The strategy of investing in a variety of securities in order to lower the risk involved with putting money into few investments.