Jacob needed money for some unexpected expenses, so he borrowed $5,890.25 from a friend and agreed to repay the loan in seven equal installments of $1,250 at the end of each year. the agreement is offering an implied interest rate of:

a) 14.85%

b) 9.57%

c) 11.00%

d) 12.98%

jacob's friend wilson, has hired a financial planner for advice on retirement. considering wilson's current expenses and expected future lifestyle chnages, the financial planner has stated that once wislon crosses a threshold of $8,452,622 in savings, he will have enough money for retirement. wilson has nothing saved for his retirement yet, so he plans to start depositing $40,000 in a retirement fund at a fixed rate of 11.00% at the end of each year. it will take years for wilson to reach his retirement goal.

a) 30.55 years

b) 41.24 years

c) 38.19 years

d) 25.97 years

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

The link between volume of production and the cost of building manufacturing operations is particularly important in industries characterized byanswers: process innovations.product manufacturing.product innovation.process manufacturing.

Who is better at multi-tasking? in business, employees are often asked to perform a complex task when their atten-tion is divided (i.e., multi-tasking). human factors (may 2014) published a study designed to determine whether video game players are better than non–video game play-ers at multi-tasking. each in a sample of 60 college stu-dents was classified as a video game player or a non-player. participants entered a street crossing simulator and were asked to cross a busy street at an unsigned intersec-tion. the simulator was designed to have cars traveling at various high rates of speed in both directions. during the crossing, the students also performed a memory task as a distraction. two variables were measured for each student: (1) a street crossing performance score (measured out of 100 points) and (2) a memory task score (measured out of 20 points). the researchers found no differences in either the street crossing performance or memory task score of video game players and non-gamers. “these results,” say the researchers, “suggest that action video game players [and non-gamers] are equally susceptible to the costs of dividing attention in a complex task”