Answer:
B. Compounding
Explanation:
In compound interest, the interest earned in a period becomes part of the principal amount for the next period. The principal amount will, therefore, be increasing every year. As the principal amount increases, the interest earned rises.
Because the interest earned becomes part of the principal amount, it means that interest earned also earns interest. Unlike the simple interest which earns constant interest throughout, compound interest increases with time.
The correct answer is answer b. a credit union
Answer:
Efficiency = Actual Output / Effective Capacity * 100%
Utilization = Actual Output / Design Capacity * 100%
Loan processing operation
Actual output = 9 loans per day
Design capacity = 10 loans per day
Effective capacity = 8 loans per day
Utilization = 9/10 * 100
Utilization = 90.0%
Efficiency = 9/8 x 100
Efficiency = 112.5%
Furnace repair team
Actual output = 3 furnaces per day
Design capacity = 9 furnaces per day
Effective capacity = 8 furnaces per day
Utilization = 3/9 * 100
Utilization = 33.3%
Efficiency = 3/8 * 100
Efficiency = 37.5 %
Answer: B. Pell: No; Astor: Yes.
Explanation: According to Termination of agency law:
-An agent is entitled to renounce his power by refusing to act or by notifying the principal that he will not act for the principal.
The agent can terminate the agency first in absence of contractual agreement relating to the provision of duration of contract.
Answer:
Informal organisation
Explanation:
There are two forms of organisations in a business. The informal organisation and formal organisation.
Informal organisation is the social structure of an organisation, based on social interaction among its members. So even if Mr. Brate is not a management staff, his ability to get things done easily makes him an important member of the informal organisation.
Often informal organisation functions alongside the formal organisation in a business.
