Firstly, Loan A has a lower interest rate (0.25% lower) and therefore the interest payed is lower ($209.49 cheaper) and of course the total paid is lower for Loan A.
The benefit of Loan B is the term of payment is longer and the monthly repayments are lower. This could be good for someone working minimum wage due to having a low income.
In conclusion, I think Loan A would be better due to the interest being lower which is always a plus for loans.
What do you mean as 'Not like McDonald's'? Do you mean fast food or what?
<span>Cluster Development. It is the economic development of business clusters. The cluster concept has rapidly attracted attention from governments, consultants, and academics since it was first proposed in 1990 by Michael Porter.</span>
Because your basically loaning the bank your money for them to use and they pay you a fee.
Setting standards, measuring performance, and comparing performance to standards are the parts of controlling.
Control is a management function that aids in error detection and the implementation of corrective measures. This is done to reduce departure from standards and make that the organization's stated goals are met in the desired way.
Controlling is a management function that aids in obtaining desired results from employees at all organizational levels, including managers and subordinates. The managing function aids in tracking advancement toward corporate objectives, identifies deviations, and suggests necessary remedial action.
Learn more about controlling here
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