Amortization Tables Are Useful for Each of the Following Reasons

question 26

Multiple Choice

Amortization tables are useful for each of the following reasons EXCEPT ________.

• A)determining the principal balance due if the loan is being paid off early
• B)determining how much of a total payment is interest and how much is principal for tax purposes
• C)determining the regular periodic total payment
• D)All of these are useful purposes of an amortization table.

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Definitions:

Ergonomics

The science of designing the workplace, keeping in mind the capabilities and limitations of the worker, to improve job safety and productivity.

Knowledge, Skills, Abilities, and Other Characteristics (KSAOs)

The attributes required for successful performance in a job, including theoretical or practical understanding, learned capacities, innate capabilities, and other personal traits.

Tasks, Duties, Responsibilities (TDRs)

A comprehensive outline of the tasks, duties, and responsibilities associated with a particular job or position.

Work Flow Analysis

The study of the way work moves through an organization in order to improve efficiency and productivity.