14.9228% effective annual interest rate does this credit card charge.
What is interest?
Interest is the fee you charge for lending money or the expense of borrowing it. The actual amount plus interest must be paid, plus a percentage.
The annual interest rate formula is
EAR=(1+r/m)m−1
r = interest
m = monthly
EAR= (1+13.99% / 12)12−1
EAR= (1+0.139912)12−1
EAR = 0.149228
EAR = 14.9228%
Hence, the significance of the interest is aforementioned.
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Answer:
the increase in free trade among nations and technological changes have created globalization and increased competition.
Explanation:
The global environment impacts the other environment like economic, legal and social as there should be rise in the free trade that should be between the nations also there is a technological changes that developed the globalization due to which the competition should be increased
therefore the above statement is correct
Amy should reduce hierarchy if she wants to avoid being beaten by competitors.
A reduction of hierarchy will realign the company to achieve its goals faster than operating with a formalized hierarchy. This restructuring or delayering is known as empowerment.
The advantages that Amy will achieve by delayering or reducing hierarchy include:
- Simplifying the organization's management structures
- Reducing its bureaucracy
- Cutting its communication paths
- Speeding up decision-making
- Pushing responsibility down to lower organizational levels (through empowerment).
Thus, Amy should rethink the organizational structure by reducing the hierarchy, making the decision-making process accessible.
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Answer:
leaderless group discussion
Explanation:
Based on the scenario being described it can be said that the type of term for this type of development exercise is a leaderless group discussion or LGD for short. This exercise focuses on placing individuals in a group in order to work together on solving specific problems without help from a trained professional or expert in the matters that they are dealing with.
