In a traditional organization, a wide span of control was preferred, because it permitted management to exercise greater control over the employees

Spam is unsolicited, unwanted commercial e-mail messages that clog up users' e-mailboxes

Indicate whether the statement is true or false

To expand its operation, the International Tools Inc (ITI) has applied for a $3,500,000 loan from the International Bank. According to ITI's financial manager, the company can only afford a maximum yearly loan payment of $1,000,000

The bank has offered ITI, (1 ) a 3-year loan with a 10 percent interest rate, (2 ) a 4-year loan with a 11 percent interest rate, or (3 ) a 5-year loan with a 12 percent interest rate. (a) Compute the loan payment under each option. (b) Which option should the company choose?