Question

Question 56 (1 point)

Which of the following means interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan?

Variable interest.

Amortized interest.

Compounded interest.

Fixed interest.

Question 57

A sewing machine operator is being paid based on the number of jackets sewed. The compensation method is referred to as:

Commissions.

Salary.

Wages.

Piecework.

50. The income statement of a business captures:

How much a firm lost in a period.

Owner's equity in the company over a period of time.

Sales and expenses and how much a firm made or lost in a period.

How much a firm made in a period of time.

46. What does stage 1 of the Financial Life Cycle focus on?

Preserving and increasing wealth.

Building wealth.

Retirement planning.

Accumulating debt.

45. Marketing encompasses a broad range of activities. It includes:

Managing the governance of the organization that makes the product.

Everything organizations do to satisfy customer needs.

Building the product and assembling its pieces.

Managing the revenues generated from the product.

the product.

Answer 1

q 56.

C. compound interest

It is the compound interest which includes all of the accumulated interest of previous periods of a deposit or loan.

q 57

D. Piecework.

Since payment is made based on number of jackets sewed, the compensation is piecework.

q 50.

C.sales and expenses and how much a firm made or lost in a period.

Income statement reports the sales made during the period, along with expenses incurred and income or loss made during the period.

q 46.

building wealth.

The four stages of financial life cycle;

building wealth

managing wealth

preserving and protecting wealth

transferring wealth

q 45.

Everything organisations do to satisfy customers.

Marketing activities are majorly targetted at customer satisfaction.