The effective interest rate generally is ________
A) higher on a loan if interest is paid at maturity
B) lower if the loan is a discount loan
C) higher if the loan is a discount loan
D) not affected by whether the loan is a discount loan or a loan with interest paid at maturity
C
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Which one of the following statements about break-even analysis, as we applied it to evaluating products or services, is BEST?
A) Break-even analysis assumes that the cost function is linear and consists of fixed costs plus variable costs times volume. B) The break-even quantity will increase when the change in variable cost per unit is identical to the change in unit price. C) Increasing the price, while keeping the variable cost per unit constant, increases the break-even quantity. D) Increasing the fixed costs tends to decrease the break-even quantity.
In an example of supervisor relationship, the recursive relationship lies in which of the
following? A) Relationship between a particular employee and another employee B) Relationship between a particular supervisor and all of his/her subordinates C) Relationship between a particular employee and all of his/her supervisors D) Relationship between a particular supervisor and another supervisor