Which of the Following Is/are TRUE? I

question 34

Multiple Choice

Which of the following is/are TRUE? I.The EAR can never exceed the APR.
II) The APR can never exceed the EAR.
III) The APR and EAR can never be equal.

• A) Only I is true.
• B) Only II is true.
• C) Only II & III are true.
• D) Only I & III are true.
• E) Only III is true.

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Definitions:

Lost Profits

Potential revenue that a business did not earn, often due to breaches of contract, infringement, or other wrongful acts.

Inventory

The complete list of items such as merchandise, raw materials, and products that are in stock within a business's possession.

Credentialization

Refers to the increasing demand for formal educational qualifications or credentials for employment or social status.

Meritocracy

A social system in which advancement in society is based on an individual's capabilities and merits rather than on the basis of family, wealth, or social background.