How Does a Persistent Thief Differ from a Professional Thief

question 34

Multiple Choice

How does a persistent thief differ from a professional thief?

• A)A persistent thief tends to specialize more than a professional thief does.
• B)A persistent thief alternates between crimes rather than having one specialty.
• C)A professional thief usually spends more time in jail than one who is persistent.
• D)A professional thief is less successful than a persistent thief is.

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Definitions:

Interest Paid

The amount paid by a borrower to a lender for the privilege of using borrowed money, typically expressed as an annual percentage of the loan outstanding.

Bond Discount

The gap between the nominal value of a bond and the price it fetches on the market when it is sold for an amount lower than its nominal value.

Straight-Line Amortization

A method of systematically reducing the cost value of an intangible asset over its useful life by charging equal expense amounts to each accounting period.

Effective-Interest Method

A method of calculating the interest expense on a bond or loan by applying the constant interest rate to the outstanding balance of the debt for each period.