The APR Is Approximately Double the Add-On Rate on an Installment

question 11

True/False

The APR is approximately double the add-on rate on an installment loan.

---

Definitions:

Remote Location

A place situated far from the main centers of population and often difficult to access.

Management By Walking Around

Managers intermingling freely with workers on the shop floor or in the office, as well as with customers.

Horizontal Communication

The exchange of information, ideas, and messages between individuals or departments on the same level within an organization.

Open Office Space

A layout for offices that eliminates most dividing walls and private offices to create a more collaborative and less hierarchical environment.