Fanagi Corp

question 33

Multiple Choice

Fanagi Corp.borrowed $58,000 from its bank at a 6% annual interest rate and will repay $250,000.Assume annual compounding.In approximately how many years will Fanagi repay the loan?

• A)5 years
• B)19 years
• C)23 years
• D)25 years

Understand the concept and implications of the situational approach in organizational behavior.

Grasp the essence of trait activation theory and its relevance to behavior in organizational contexts.

Identify and explain the key approaches to organizational behavior, including the dispositional, situational, and interactionist approaches.

Recognize the role of personality characteristics in influencing organizational behavior.

---

Definitions:

Recessionary Gap

The difference between the actual output of an economy and the output it would produce if it were at full employment, indicating underperformance.

Equilibrium GDP

The level of Gross Domestic Product (GDP) at which aggregate supply equals aggregate demand, indicating a state of economic balance.

National Debt

The total amount of money that a country's government has borrowed by various means, including foreign governments and domestic institutions.

Trillion Mark

A reference to a period of hyperinflation in Weimar Germany where the mark, the currency at the time, devalued to the point where trillions were needed for basic transactions.