Answer:
Option (b) is correct.
Explanation:
Interest refers to the amount of money that a lender can earn on giving the loans to the borrowers. Borrower is a person who is liable to pay the interest on the borrowing amount.
Normally, a person is borrowing money or funds from the lender for making investment in a certain types of capital goods.
Interest rate refers to the rate at which lender lends its loanable funds to the borrowers.
Answer:
The bureaucratic control system
Explanation:
bureaucratic control system can be regarded as a formal system of control that are been used in the accessment of the performance of employee in an organization. It involves the using of rules, records as well as rewards to influence , hierarchy of authority and written documentation in the performance accessment.It should be noted that bureaucratic control system involves Influencing behavior through norms and expectations set by the organization’s culture.
Answer:
The correct answer is (B) False.
Explanation:
Variable costs, as the name implies, differ with the level of production and are associated with the use of variable factors, such as labor and raw materials. Since the amounts of factors increase as production increases, variable costs increase when it does.
Answer:
the management of money and things that are worth money.
Explanation:
Finance is best defined as the management of money and things that are worth money.
Answer:
80 years
Explanation:
Data provided in the question:
Simple interest rate charged = 1.25% = 0.0125
Now,
Let principal amount be '$x'
we know, Simple interest = Principal × Interest Rate × Time
Since the debt is doubled this means the interest is equal to the principal amount
Therefore,
$x = $x × 0.0125 × Time
or
1 = 0.0125 × Time
or
Time = 1 ÷ 0.0125
or
Time = 80 years
