The process of managing day to day operations is
The process of managing day to day operations is:
a.Planning
b.Directing
c.Controlling
d.Measuring
Koopman’s Chickens, Inc. plans to borrow $275,000 from its bank for one year. The rate of interest is 9%, but a compensating balance of 20% is required. What is the effective rate of interest?
a.Less than 11.4%
b.More than 11.4% but less than 11.6%
c.More than 11.6% but less than 11.8%
d.More than 11.8%