If You Owe $1,200

question 15

Multiple Choice

If you owe $1,200.00, which is the most advantageous way to pay it back assuming a 12% APR discount rate?

• A)$100.00 monthly payments over the next twelve months
• B)$300.00 quarterly payments over the next four quarters
• C)$600.00 paid every six months over the next year
• D)$1,200.00 paid after one year

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Definitions:

Marketing Firm

A company that specializes in creating and implementing marketing strategies to promote products or services to target audiences.

Knowledge Workers

Employees whose main capital is knowledge, typically working in fields such as IT, finance, and education, where they think for a living.

Technically Efficient

Refers to a scenario where a firm or system operates in such a way that it cannot produce more of one good without reducing the output of another, utilizing the least amount of resources.

Considerable Autonomy

The significant freedom and independence given to employees or units to make decisions and perform their work without close supervision.