The APR Estimate Must Be Accurate Only to the Nearest

question 12

Multiple Choice

The APR estimate must be accurate only to the nearest ______________ percent.

• A) 1/2
• B) 1/4th
• C) 1/8th
• D) 1/16th

---

Definitions:

Organizations

Entities comprising multiple individuals working together towards a common goal, structured and managed to meet a need or pursue collective goals.

Self-Censorship

The act of withholding one's own thoughts or feelings to avoid offending others or disrupting group harmony.

Illusion of Unanimity

The misconception within a group that everyone agrees on a decision or a situation, even if this is not the case.

Illusion of Invulnerability

describes a cognitive bias in group decision-making processes where members collectively develop an overconfidence in their decisions and underestimate risks.