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Describe at least three alternative approaches to decision making on a project team and describe when each is most appropriate.
Interest
The charge for borrowing money or the income earned on deposited funds.
Payments
Monies that are paid out or are to be paid out by one party to another as compensation for goods or services, or as repayment of an obligation.
Bonds at Premium
Bonds sold for an amount higher than their face value, typically occurring when the coupon rate is above the current market rate of interest.
Journal Entries
The recording of financial transactions in a company's double-entry accounting system.
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