Programmed Decision Making Is A(n) ______ Process

question 7

Multiple Choice

Programmed decision making is a(n) ______ process.

• A)novel
• B)routine
• C)intuitive
• D)unusual
• E)creative

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Definitions:

Discount Rate

The rate of interest applied to calculate the current value of future cash flows.

Cash Flows

The sum total of cash and assets similar to cash that shift into and out of a commercial establishment.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.

Mortgage

A legal agreement by which a bank or creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.