Business Rules Must Be Rendered in Writing

question 60

True/False

Business rules must be rendered in writing.

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Definitions:

Face Value

The nominal or dollar value printed on a stock, bond, or other financial instrument, representing its value at issuance.

Interest

The cost of using borrowed funds, or the return on invested funds, typically expressed as a percentage rate over a period of time.

Expense

A cost incurred in running a business by consuming goods or services in producing revenue. A subdivision of owner’s equity.

Liability

Financial debts or obligations that arise during the course of business operations, needing to be settled over time.