Which Type of Client Is Identified as the Intial Point

question 33

Multiple Choice

Which type of client is identified as the intial point of communication in the client organization?

• A) contact client
• B) intermediate client
• C) primary client
• D) unwitting client

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Definitions:

Ordinary Simple Interest

A method for calculating the interest charge on a loan or investment based on the original principal, rate, and length of time, without compounding.

360-Day Year

A financial calculation assumption where the year is considered to have 360 days for simplifying interest related calculations.

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or investment based on a simple interest rate, without the compounding factor.

360-Day Year

An accounting approximation that treats all months as having 30 days, used in calculating interest with a simplified approach.