Suppose a Number of Your Friends Have Organized a Company

question 107

Multiple Choice

Suppose a number of your friends have organized a company to develop and sell a new software product. They have asked you to loan them $7,000 to help get the company started, and have promised to repay your $7,000 plus 10% interest in one year. Of the following, which amount may be described as the return on your investment?

• A) $7,000.
• B) $700.
• C) $7,700.
• D) Some other amount.

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Definitions:

Organizing

Involves the systematic allocation of tasks, resources, and responsibilities within an organization to ensure smooth operation and achievement of objectives.

Environmentally Friendly

Practices, products, or methods designed to minimize harm to the environment.

OSHA Standards

Regulations and guidelines issued by the Occupational Safety and Health Administration to ensure safe and healthful working conditions.

Energy

The capacity to do work, manifested in various forms such as heat, light, motion, electrical, chemical, and potential energies.