If a Bank Charges You Interest Up Front Then This

question 70

Multiple Choice

If a bank charges you interest up front then this loan is called a _________ loan

• A)compounded.
• B)simple interest.
• C)discount.
• D)add-on.
• E)installment.

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Definitions:

Paternalistic/Strategic

The approach of managing or governing people by providing for their needs without giving them rights or responsibilities, often contrasted with strategic decision-making that involves long-term planning and consideration of various outcomes.

Union Acceptance

The acceptance by an employer of a trade union as the representative of its employees.

Participatory Management

An approach to company management where employees at all levels are encouraged to contribute ideas and participate in decision-making processes.

Sociopolitical Environment

The combination of social and political factors within a region or country that impacts the functioning and governance of organizations and societies.