Which One of the Following Terms Is Used to Describe

question 110

Multiple Choice

Which one of the following terms is used to describe a loan wherein each payment is equal in amount and includes both interest and principal?

• A)amortized loan
• B)modified loan
• C)balloon loan
• D)pure discount loan
• E)interest-only loan

Understand the principles of effective communication and media relations in public administration.

Identify the levels of organizational structure and their functions within public administration.

Recognize the various types of media and their appropriate uses in disseminating information to the public.

Understand the steps and technology involved in organizing virtual public engagements.

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Definitions:

Net Income

The profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Total Contribution Margin

The difference between total sales revenue and total variable costs, representing the amount available to cover fixed expenses and generate profit.

Variable Cost

Costs that fluctuate with the level of production or sales, such as raw materials or commission fees.

Fixed Costs

Fixed costs are expenses that do not change with the level of production or sales activities within a certain range or period.