Your Accountant Tells You That If You Can Continue to Earn

question 208

Multiple Choice

Your accountant tells you that if you can continue to earn the current interest rate on your balance of $800 for the next two years you will have $898.88 in your account.If your accountant is correct,then what is the current interest rate?

• A)6 percent
• B)7 percent
• C)8 percent
• D)9 percent

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Definitions:

Organisational Design

Organisational design is the process of structuring an organization's roles, responsibilities, and systems to efficiently achieve its goals and adapt to changes in the environment.

Structures

The way in which the components of an organization or system are arranged or organized.

Mission and Objectives

The purpose for which an organization is founded, and the specific goals set to guide its efforts towards the realization of that mission.

Organic Designs

Organic designs are decentralised with fewer rules and procedures, open divisions of labour, wide spans of control and more personal coordination.