According to the author, 401(k) plans are actually do it yourself variation of a profit-sharing/thrift plan
Indicate whether this statement is true or false.
Answer: TRUE
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Which of the following statements is true of nonvalue-adding activities?
A) They are unnecessary activities. B) They are included in the value chain of activities. C) They are wasteful and targeted for elimination. D) They add cost to a product or service but does not increase its market value.
Discuss the crucial aspect of employment at will (EAW) where it is given first preference.
What will be an ideal response?
When a person in authority identifies an important issue and carries out a process to make a choice that produces outcomes with consequences, they are engaging in:
a. Problem solving b. Organizational decision making c. Decision debacles d. Collaboration
Southwestern Bank offers to lend you $50,000 at a nominal rate of 6.5%, compounded monthly. The loan (principal plus interest) must be repaid at the end of the year. Woodburn Bank also offers to lend you the $50,000, but it will charge an annual rate of 7.0%, with no interest due until the end of the year. How much higher or lower is the effective annual rate charged by Woodburn versus the rate charged by Southwestern?
A. 0.52% B. 0.44% C. 0.36% D. 0.30% E. 0.24%