Which of the Following May Be Used by a Plumber's

question 70

Multiple Choice

Which of the following may be used by a plumber's union or a medical professional association to restrict membership?

• A)all of the following are correct
• B)long apprenticeship periods
• C)difficult qualification exams
• D)stringent education standards
• E)high initiation fees

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Definitions:

Return

The fiscal upwards or downwards movement in the value of an investment over a defined period, portrayed as a percentage of the investment’s beginning expense.

Investment

The allocation of resources, usually money, in order to gain profitable returns as interest, income, or appreciation in value.

Present Value

The present worth of a future amount of money, or sequence of cash flows, taking into account a certain return rate, employed in discounting to evaluate investment prospects.

Interest Factor

A multiplier used to calculate the total interest that will accrue on an investment or loan based on the interest rate and time period.