To minimize discomfort, it should be made clear at the beginning of the interview that respondents are not obligated to answer a question that makes them uncomfortable

Indicate whether the statement is true or false

TRUE

Business

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Total fixed cost:

A. is the sum of all expenses which are closely related to output. B. is the sum of those costs which do not change in total no matter how much is produced. C. may vary in the short run--but is more or less fixed in the long run. D. is the sum of all costs of manufacturing and distributing a product. E. would be zero if the quantity produced were zero.

Business

Cull Incorporated recently borrowed $250,000 from Century Bank when the prime rate was 4%. The loan was for 90 days with interest to be paid at the end of the period with a rate fixed at 1.5% above the prime rate

What is the total interest paid on this loan and what is the effective annual rate? (Assume a 365 day year.) A) The total interest paid is $3390.41 and the effective annual rate is 5.62%. B) The total interest paid is $13,750 and the effective annual rate is 5.62%. C) The total interest paid is $13,750 and the effective annual rate is 5.55%. D) The total interest paid is $3390.41 and the effective annual rate is 1.36%.

Business