All of the following are types of utilization management EXCEPT

Which statement MOST accurately reflects a devil's advocate's response to persuasive communication?

A) Devil's advocates will always support bad ideas. B) Devil's advocates are not easily swayed by emotional appeals. C) Devil's advocates are well versed in influencing others. D) Devil's advocates do not question persuasive messages.

Jerry's Company is looking at various financing agreements. New Credit Union has agreed to loan the company $500,000 at 8% interest. Happy Bank has agreed to loan the company $500,000 at an interest rate of 6%

This is the lowest interest rate the company has been offered. However, as a condition to the loan, the company must maintain a compensating balance amount equal to 20% of the loan. Required: 1. Determine the company's actual (effective) interest rate on the bank loan. 2. Which loan has the lowest interest cost? What will be an ideal response?