Employees Are Not Deterred by the Potential Loss of Certification

question 73

True/False

Employees are not deterred by the potential loss of certification or professional accreditation resulting from a breach of a code of conduct, because this loss has no effect on employees' marketability and earning power.

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Definitions:

Nominal Rate

The nominal rate is the stated interest rate on a loan or financial product, not adjusted for inflation.

Monthly Compounding

The process wherein the interest earned on an investment is added to the principal sum every month, and from then on, the interest for future periods is calculated on the new total.

Effective Annual Rate

The effective annual rate is the actual return on an investment after accounting for compounding interest over a one-year period.

Nominal Annual Rate

The interest rate stated on a loan or investment agreement, not adjusted for inflation or other factors that affect real value.