Karl and Arlene Are Staring at an Uprooted Tree That

question 87

Multiple Choice

Karl and Arlene are staring at an uprooted tree that fell in a storm.Karl can't imagine why it fell until he sees a major gust of wind come through; then he understands.Arlene is thinking about why she is sad that the tree fell and how that thought arose in her mind.In this example,Arlene is exhibiting ________ thought,while Karl is showing ________ thought.

• A)abstract; concrete
• B)concrete; abstract
• C)abnormal; idealistic
• D)deductive; inductive

Master the skill of rounding numbers to the nearest cent in financial calculations.

Utilize shortcut methods for interest calculation by rounding principals.

Calculate the total amount of a loan including the principal and interest.

Understand the real-world application of interest calculation in loans and investments.

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Definitions:

Fixed Expenses

Costs that do not change in total regardless of changes in the level of business activity or volume.

Annual Cash Inflow

The total amount of money being received into a business from all sources over the course of a year.

Depreciation

The process of allocating to expense the cost of a plant asset over its useful (service) life in a rational and systematic manner.

Net Income

The net income of a company once all costs and taxes are deducted from the total revenue.