The Fact That Some People Lie in Order to Take

question 20

Multiple Choice

The fact that some people lie in order to take advantage of others refutes which of the following myths of communication?

• A) more communication is better
• B) communication is inherently good
• C) communication can break down
• D) communication can be used to solve any problem

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Definitions:

Effective Cost

The total cost of a financing option, including all fees and interest, adjusted for any discounts or premiums, providing a true comparison of costs.

Annual Rate

Annual rate often refers to the interest rate for a period of one year, but can also apply to any annualized financial metric intended to allow comparison over a year's period.

Implied Annual Cost

The total cost associated with financing or an investment, expressed on a yearly basis, often calculated through the analysis of implied rates or costs.

Forgoing

The act of giving up or going without something, often in the context of making financial or investment decisions.