You Must Announce to Customers That Your Restaurant Will No

question 55

Multiple Choice

You must announce to customers that your restaurant will no longer be open on Sundays. Which of the following uses passive-voice verbs to deliver the bad news?

• A) We closed our restaurant on Sundays beginning last month.
• B) Because few customers dine with us on Sundays, we decided to close our restaurant on this weekday.
• C) Beginning last month, our restaurant was closed on Sundays.
• D) Management decided that it must close our restaurant on Sundays.

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Definitions:

Compounded Nominal Annual Rate

The rate of interest per year without taking into account the compounding within that year, often differing from the effective annual rate.

Effective Rate

The actual interest rate an individual earns or pays on an investment or loan, taking into account the effect of compounding.

Semi-annually Compounded

This refers to the process of applying interest to a principal balance twice a year, effectively increasing the amount of interest earned or paid over time.

Rate of Return

The profit or deficit incurred on an investment during a certain timeframe, represented as a proportion of the investment's original price.