Dottie has decided to set up an account that will pay her granddaughter (Lexi) $5,000 a year indefinitely. How much should Dottie deposit in an account paying 8 percent annual interest?

What will be an ideal response?

PV = 5,000/0.08 = $62,500

Business

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ABC Company has decided to use online questionnaires to collect data. This method has all the following advantages EXCEPT which one?

A) low cost per respondent B) provides quantitative data C) high response rates D) no interviewer to bias respondents' answers E) can collect large amounts of information

Business

The intentional and targeted promotion of a Web site is ________

A) critical to online success B) optional because once you are on the Web, you will get traffic and sales C) a luxury that most small businesses cannot afford D) contrary to current Web trends

Business