What is the purpose of each of the three main sections of a business report?
What will be an ideal response?
Answer: A business report contains three sections: the introduction (or opening), the body, and the close. The introduction puts the report in context for the reader, introduces the subject, previews main ideas, and establishes the tone. The body presents, analyzes, and interprets the information gathered. The close summarizes and reviews the key points.
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A firm sells its $1,000,000 receivables to a factor for $960,000. Average collection period is one month. The effective annual rate is:
A) 60.10% B) 27.43% C) 48.00% D) 63.21%
Because increasing term insurance can be added to permanent policies and, when added, is less expensive than a stand-alone policy, it is almost always sold as
A) an option B) a rider C) a whole life policy D) an endorsement"