Paris stood by the window of her office in a high-rise office building in New York. From her window, the people on the sidewalk below looked like ants. It had taken her a long time to work her way up into management. She looked across the street at the offices of her company's competitors and wondered what they were planning. The fashion industry was brutal and staying on top demanded long hours, research, and accurate decision-making. Her department utilized the latest software to compile information about the successes and failures at fashion shows throughout the world. They datamined social media sites, competitor's advertising, news articles, fashion magazine articles, and other media to discover what competitors' pricing strategies were, what products they were test marketing, and
new and pending product legislation. In addition to compiling information from and about competitors and legislation that may impact future sales, her department collects detailed information about her own firm's products, cost of goods sold, customers, suppliers, and new fabric composition and design. What department does Paris manage?
A. Operations
B. Marketing
C. Administrative
D. Human resources
Answer: B
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Suppose you buy an inflation-indexed bond that will adjust with inflation and thus pay you $1,500 in real (inflation-adjusted) terms each year for the next five years, plus your real principal of $75,000 at the end of the fifth year. The nominal interest rate is 5 percent and the expected inflation rate is 2 percent. What is the present value of the bond? (Round off your answer to the nearest thousand dollars and pick the answer closest to the one you calculate.)
A. $65,000 B. $68,000 C. $72,000 D. $75,000
Which term refers to the ability to interact effectively with people of different cultures?
A. Tolerance B. Racial knowledge C. Egalitarianism D. Ethnocentrism E. Cultural competence
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Indicate whether the statement is true or false
Which of the conditions must be satisfied in order to justify the inference of a causal relationship between two variables?
i. Concomitant variation ii. Time order of occurrence of variables iii. Absence of other possible causal factors iv. Sterile measurement environment A) (i) B) (i), (iii) and (iv) C) (ii) and (iii) D) (i) and (iv) E) (i), (ii) and (iii)