Determine the Equivalent Single Rate of Discount for the Following

question 111

Multiple Choice

Determine the equivalent single rate of discount for the following series of discounts. Discount of 17.25%, 14.7% and 16.37%.

• A) 40.969%
• B) 42.838%
• C) 41.223%
• D) 41.162%
• E) 43.084%

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Definitions:

Two-Factor Theory

A psychological theory proposed by Herzberg that explains job satisfaction and motivation by differentiating between factors that cause satisfaction (motivators) and those that cause dissatisfaction (hygiene factors).

Job Context

The physical and social aspects of a job environment that influence the work experience.

Job Content

Particulars and characteristics of a job, including responsibilities, tasks, and duties associated with a specific role.

McClelland's Three-Need Theory

A motivational theory which states that the needs for achievement, power, and affiliation are key drivers of human behavior.