A Basis Point Is One-Tenth of One Percent

question 48

True/False

A basis point is one-tenth of one percent.

---

Definitions:

Office Equipment

The furniture, computers, machines, and other tools used in offices for operational purposes.

Freight Costs

Charges incurred for transporting goods between locations, typically from the manufacturer to the buyer.

New Equipment

Assets recently acquired by a business for operational purposes, such as machinery, computers, or office furniture.

Government Permits

Official permissions granted by governmental bodies that allow individuals or companies to conduct certain activities that would otherwise be prohibited.