Examlex

Solved

Technological Advances in Computer Science and Automated Operating Systems Have

question 127

True/False

Technological advances in computer science and automated operating systems have lowered the demand for certain types of employees, who have traditionally been unionized.


Definitions:

Ordinary Simple Interest

A method for calculating the interest charge on a loan or investment based on the original principal, rate, and length of time, without compounding.

360-Day Year

A financial calculation assumption where the year is considered to have 360 days for simplifying interest related calculations.

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or investment based on a simple interest rate, without the compounding factor.

360-Day Year

An accounting approximation that treats all months as having 30 days, used in calculating interest with a simplified approach.

Related Questions