Which type of employees would a free-rein-organized company most likely want to hire?
A) workers who need constant guidance
B) workers who do not think for themselves
C) workers who are self-motivated
D) workers who are not good communicators
E) workers who have been trained to think alike
Answer: C
Explanation: C) A free-rein, or laissez-faire, leadership style works best with workers who are skilled enough to think for and guide themselves.
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Most producers sell their goods directly to final users
Indicate whether the statement is true or false
Which of the following statements is CORRECT?
A. If a 10-year, $1,000 par, 10% coupon bond were issued at par, and if interest rates then dropped to the point where rd = YTM = 5%, we could be sure that the bond would sell at a premium above its $1,000 par value. B. Other things held constant, a corporation would rather issue noncallable bonds than callable bonds. C. Other things held constant, a callable bond would have a lower required rate of return than a noncallable bond. D. Reinvestment rate risk is worse from an investor's standpoint than interest rate price risk if the investor has a short investment time horizon. E. If a 10-year, $1,000 par, zero coupon bond were issued at a price that gave investors a 10% yield to maturity, and if interest rates then dropped to the point where rd = YTM = 5%, the bond would sell at a premium over its $1,000 par value.
Which of the following U.S. federal agencies was created in response to the terrorist attacks on September 11, 2001?
A) the Federal Bureau of Investigation B) the Central Intelligence Agency C) the National Security Agency D) the U.S. Department of Homeland Security
A formal rulemaking by an administrative agency is appropriate when an agency's enabling legislation ________
A) or other congressional directives do not require another form B) states that all rules must be enacted by the agency as part of a formal hearing process that includes a complete transcript C) or other congressional directives state that the agency must promulgate regulations D) provides an opportunity for all interested parties to submit written comments