Which of the Following Accounts Has the Highest EAR

question 86

Multiple Choice

Which of the following accounts has the highest EAR?

• A)one that pays 3% every three months
• B)one that pays 6.1% every six months
• C)one that pays 1.0% per month
• D)one that pays 12.6% per year

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Definitions:

Compressed Workweek

An alternative work schedule allowing employees to work longer hours on fewer days, often resulting in a three-day weekend.

Telecommuting

It involves working from a remote location outside of a traditional office environment, often from home, using technology to stay connected.

Flexible Working Hours

An arrangement that allows employees to vary their arrival and departure times, or choose their working hours, to accommodate personal needs and improve work-life balance.

Compressed Workweek

A work schedule that allows an employee to work a full-time job in fewer than the standard five days.