Allowing the Interest That You Earn on an Investment to Stay

question 64

Multiple Choice

Allowing the interest that you earn on an investment to stay in the investment and to earn interest on the interest you have already earned is called what?

• A)The power of of present value
• B)The power of compound interest
• C)The power of simple interest
• D)The power of time
• E)The power of future value

---

Definitions:

ISO 9000

An international standard that specifies criteria for a quality management system, demonstrating an organization's ability to consistently provide products and services that meet customer and regulatory requirements.

Quality Products

Goods that meet predetermined standards of excellence, including durability, usability, and performance.

Quality Control

The processes and procedures put in place to ensure that products or services meet certain standards and criteria of quality.

Concurrent Quality Control

Quality control applied to work in progress.