If You Have a Choice to Earn Simple Interest on $20

question 10

Multiple Choice

If you have a choice to earn simple interest on $20 000 for three years at 9% or annually compounding interest at 8.5% for three years which one will pay more interest and by how much?

• A)Simple interest by $50.00
• B)Compound interest by $122.97
• C)Compound interest by $145.78
• D)Simple interest by $150.00

Identify strategies to prevent groupthink, such as devil's advocacy and dialectical inquiry.

Comprehend the impacts of participative decision-making on employee satisfaction and organizational productivity.

Grasp the concept of escalation of commitment and its underlying causes.

Acknowledge the influence of gender, age, and experience on risk preferences in decision-making.

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Definitions:

Product Variety

The range of different products or services offered by a company or available in a market.

Cost Economies

Refers to economies of scale where the average cost per unit of production decreases as the volume of production increases.

Horizontal Differentiation

Products differ in ways that make them better for some people and worse for others.

Vertical Differentiation

A product difference that, from everyone’s perspective, makes a product better than rival products.