Which of the Following Is True Regarding a Committee

question 6

Multiple Choice

Which of the following is true regarding a committee?

• A) The members of a committee have different permanent jobs.
• B) Membership is voluntary and informal.
• C) Committees are relatively permanent.
• D) Committees are not originated by the organization.

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Definitions:

Payments

The transfer of money or goods in exchange for products, services, or to fulfill a legal obligation.

Principal

The amount of money originally invested or loaned, on which basis interest and returns are calculated.

Effective Annual Rate

The interest rate on an investment or loan that considers the effects of compounding over a one-year period.

Interest

The cost of borrowing money, typically expressed as a percentage of the principal, to be paid over a specified period.