Dual-choice and multiple-choice questions are both options of the metric response format

Firewood, Inc. signed a three-year note payable for $59,000 at 7% annual interest. What is the interest expense for 2017 if the note was signed on August 1, 2017?

A) $2,065 B) $1,721 C) $12,390 D) $4,130

Brands increase information search costs

Indicate whether the statement is true or false