<span>Credit card has slightly lower interest rate.
Let's take a look at both interest rates for 1 year and see what costs more. First, the credit card at 17% apr compounded monthly.
Each month, 17%/12 interest will be taken. The total interest over the year will be
(1 + 0.17/12)^12 = 1.183891728 times the original debt.
Now let's look at the loan from the parents. Over 1 year, you'll be accumulating 2 interest payments. The formula for the year will be
(1 + 0.09)^2 = 1.1881
Comparing the overall rate between the credit card and the parents, the credit card is slightly lower than the parents.</span>
Answer:
The correct answer is option E (diversity in teams is beneficial because it provides for a larger pool of knowledge from which a team can draw as it carries out its work).
Explanation:
Diversity in an organization/team is broad in its definition as it describes a group of individuals who are from different backgrounds, races, ages, education working for a common goal.
When we talk about surface-level diversity, then we are pointing at those visible differences such as sex, age. While Deep-level diversity is those characters that are not visible such as beliefs, likes, dislikes, temperament.
Diversity in teams is beneficial because team members would have diverse backgrounds, experiences, problem-solving capacities, exposures, bringing diverse solutions to the team which leads to good team performance, and a quick, better solution to problems.
MUx / MUy = Px / Py is the right answer
A mixed economy is <span>a system mixing private and public enterprises.</span>
