A firm has a line of credit and borrows $25,000 at 9 percent interest for 180 days or half a year. What is the effective rate of interest on this loan if the interest is paid in advance?

The Cadbury report argued for the guideline of "comply or else"

a. true b. false

Software library control ensures that application programmers never have access to production application processing and that users do not have access to source code. Which of the following statements is NOT true regarding the software librarian's access to code or data?

A. The software librarian does not have read-write access to application source code used by programmers. B. The software librarian has read-only access to application production code. C. The software librarian does not have access to live data. D. The software librarian has read access to test data.