New Developments in Methods for Transforming Resources into Goods or Services

question 6

Multiple Choice

New developments in methods for transforming resources into goods or services are _____ forces.

• A)sociocultural
• B)technological
• C)demographic
• D)political-legal
• E)media

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Definitions:

Regular-interest

The standard or typical interest rate applied to savings or investment accounts, calculated over a set period.

Invested

The method of placing financial resources in expectation of yield or profit.

Compounded Semi-annually

This refers to the process of applying interest to an initial sum plus any previously earned interest, and this action occurs twice a year.

Compounded Quarterly

Refers to the process of calculating and adding interest to the principal balance four times a year.