Companies That Are Well Managed Can Prosper During Difficult Economic

question 92

Multiple Choice

Companies that are well managed can prosper during difficult economic times by depending on ________.

• A)government bailouts
• B)filing for bankruptcy
• C)raising prices
• D)a loyal customer base

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Definitions:

Simple Interest

Interest determined purely on the original amount borrowed, or on the unpaid portion of that initial amount.

Special Account

An account designated for a particular purpose or offering special conditions or privileges.

Compounded Monthly

A method of calculating interest where the interest earned each month is added to the principal, so the investment grows at an increasing rate.

Compounded Annually

A method of calculating interest in which the accumulated interest is added to the principal at the end of each year, with future interest then calculated on the new total.